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Mass Shootings Spur Interest in “Active Shooter” Insurance

The insurance broker Willis is now selling “active shooter” insurance policies to companies for coverage against gun violence...
December 9, 2015

The insurance broker Willis is now selling “active shooter” insurance policies to companies for coverage against gun violence like the mass shooting in San Bernardino, California, on December 2. The insurance was originally pitched to universities. Interest in this type of insurance is on the rise because recent incidents have raised awareness that it is needed, said Wendy Peters, an executive vice president at Willis.

In the three months since Willis began selling active shooter insurance, it has received inquiries from hotels, hospitals and other institutions. The insurance covers liability if companies or institutions are found to have not taken precautions needed to guard against shooting attacks. These policies also cover the “on the scene” costs of a shooting incident and any counseling or consulting that would be needed afterward. The maximum liability coverage is $5 million, Peters said. The active shooter insurance policies are so new that Willis has not tracked how many have been sold, said Peters. Beazley, an affiliate of Lloyd’s of London, presently is the only insurer underwriting the insurance.

 

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