23 September 2016 Insurance

Ironshore updates terrorism cover for ‘active shooter’ events

Ironshore has introduced a crisis management coverage feature as an extension of its terrorism and sabotage programme, offered through Pembroke Managing Agency and underwritten by Lloyd’s Syndicate 4000.

The extension offers those insured access to crisis response specialists following an act of terrorism or an active shooter event within the US.

Ironshore’s ‘Terrorism Crisis Threesixty’ crisis management endorsement will be added, which provides third party reimbursement for crisis management services and fees with limits of up to $100,000 per occurrence.

Coverage will advance costs for professional fees and expenses incurred by an approved crisis management firm.

Crisis management services can include on-site control and containment, emotional counselling services, internal and external communications and timely response to national media coverage.

The active shooter extension protects against losses relating to property damage and business interruption relating to active shooter events, where an individual or group of people actively engage in killing or attempting to kill individuals in a confined and/or populated area.

“In today’s world, senseless and random acts of terror erupt on the national stage placing businesses in a perilous position to effect timely, responsible action. While a terror attack can occur in minutes, the business implications can be long term,” stated James Dover, senior vice president, war and sabotage.

“Sudden tragedies, notably active shooter incidents and lone wolf attacks, have raised our recognition of the need for management to deploy crisis management services supported by meaningful insurance coverage protection.”

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