Category Archive Liability Insurance

A Short Guide To Deadly Weapon Protection Liability Insurance

When it comes to running your business or organization, the last thing you want to think about is the possibility of an active shooter situation.  Unfortunately, however, active shooter situations are on the rise in the United States. Luckily, deadly weapon protection liability insurance can help.

What Is Deadly Weapon Protection Liability Insurance?

Deadly weapon protection liability insurance is a type of insurance coverage that is designed to provide both financial and emotional support in the aftermath of an active shooter situation.  It can provide primary liability insurance to prevent you from having to cover any related damages out of pocket, as well as crisis management services to help those affected by the active shooter situation.

Why Do You Need Deadly Weapon Protection Liability Insurance?

A possible argument against the need for this type of insurance coverage could be that active shooter situations, while more common than they used to be, are still relatively few and far between.  While this is true, it’s better to be safe than sorry.  Paying a small monthly or yearly premium for insurance coverage could end up making a huge difference in both the financial and emotional damages you’ll end up facing if an active shooter situation arises.

While unlikely, an active shooter situation could cause immense harm to your business and those around it.  Deadly weapon protection liability insurance can help offer you far more peace of mind.

3 Types of Disasters That Require a Crisis Communication Plan

Smart business owners try to predict the future as best they can, but even the most meticulous planners can’t foresee it all. It’s important to have a system in place for the unexpected, and that includes a crisis communication plan to quickly and effectively communicate to employees, vendors, and clients in the event of a sudden catastrophe.

Natural Disaster

Natural disasters can strike any business at any time. During a natural disaster, it’s vital to execute your plan to provide necessary information to continue business operations if possible or to advise when things will be up and running again. Communicating that information effectively is vital.

Manmade Disaster

Acts of terrorism or civil unrest can also cause an interruption to your business and require a crisis communication plan. Constructing an overarching message and cohesive flow of the chain of command before any disruption will help get your company through whatever may occur.

Local Situation

Plan for what to do if something happens to your business like a fire or flood. Creating a template to handle any company-specific situations will help you can focus on the task at hand rather than how to disseminate information when the time comes.

Crisis communications is a necessary risk management component since most businesses will face a disaster at one time or another. Being prepared in advance will take the guesswork out of at least one component of your disaster response.

Understanding Kidnap and Ransom Insurance

The crime of kidnapping is on the rise and poses a risk to both individuals and businesses alike. It is estimated that kidnappers make over $500 million each year in worldwide ransoms. Depending on your personal or business situation, it’s worth considering purchasing kidnap & ransom insurance coverage to help protect your financial interests. While you never hope to need such protections, the reality is that they not only help cover your losses but also give you a greater sense of control.

Getting the Details

Kidnap and ransom insurance policies are usually indemnity policies, meaning that you or your business are reimbursed once a ransom has been paid. A ransom payout may be fatal when it comes to your bottom line. Kidnap and ransom coverages offer some peace of mind as you’re not having to bear the cost alone. Other possible benefits of this policy include the following:

  • Death and dismemberment
  • Medical expenses
  • Crisis management professionals and other related services

As with many types of coverage, there are other factors that the proper insurance products can address.

Protecting Yourselves

Think carefully about yourself or your organization. You’ll see that kidnap and ransom insurance is a crucial element when it comes to remaining protected. Look for an insurer that can help you explore this risk and come up with real solutions that you can use.

Liability Insurance

Liability Insurance for Educators

Educators today face many liability issues that were unheard of a few years ago. Lawsuits can encompass a large range of employment practices as well as student and parent issues.

Liability Coverage for Educators

Educator liability insurance protects against a number of different risks faced by school boards and educators. Coverage typically protects both employees and volunteers who work for the school. In some cases, coverage may protect students as well.

Liability claims can be categorized as follows:

  • Employment practice claims – These claims, usually brought by teachers and other school workers, are the most common type of lawsuit faced by school boards. Claims include discrimination, sexual harassment, retaliation and denial of tenure. Issues with the hiring and termination process are also fairly common.
  • Student or parent issues – When a student is suspended or expelled from the school for unacceptable behavior, a claim may be filed against the school board, the principal or the teacher involved. Considered wrongful acts can include teacher bias or professional errors and omissions.

It’s important to select an insurance policy that is broad enough to cover all those who work within the school system.policy

Liability claims against educators can be devastating for a school of any size. Make sure you have adequate coverage to protect each person working within your school system.