Active Shooter Insurance Coverage Expands
Two more mass shootings shook the nation over the weekend – in El Paso, Texas and Dayton, Ohio – in which 31 people were killed. Mass shootings have exploded in the past few years and more insurers are responding to the growing demand for active assailant insurance coverage, which offers specialized policy components that are not found in traditional general liability policies.
While active assailant policies vary by company, the key components include typical GL coverages, such as: physical damage, business interruption, legal liability, as well loss of attraction and brand rehabilitation expenses, and funeral expenses and death benefits for victims.
A new report by A.M. Best, “Insurers Create New Types of Coverage for Mass Shooting Attacks,” highlights how some insureds do not realize that their insurance policies do not cover active shooting incidents and believe that this type of attack falls under a traditional terrorism policy, which it does not.