XL Catlin offers US workplace violence insurancePosted On: Jun. 26, 2017 10:31 AM CST
XL Group Ltd., which does business as XL Catlin, on Monday said it has entered an exclusive underwriting agreement in the United States with The McGowan Cos. to provide workplace violence insurance to U.S. businesses.
McGowan, a Fairview Park, Ohio-based insurance brokerage, will offer XL Catlin’s workplace violence and stalking threat insurance on a surplus lines or admitted basis with liability limits up to $5 million, XL Catlin said in a statement.
The policy covers expenses related to a workplace violence incident including public relations counsel, psychiatric, medical or dental care, employee counseling, temporary security measures, and rehabilitation, personal accident, legal liability and business interruption expenses.
“Workplace violence can result in employee injury, business interruption and reputational damage,” said Denise Balan, XL Catlin senior vice president and head of U.S. kidnap and ransom insurance business. “Our act of workplace violence and stalking threat insurance combines comprehensive expense reimbursement with access to crisis management consultants, all aimed at assisting businesses with minimizing the threat of workplace violence and, in the event that it occurs, helping them recover.”