NEW YORK,
June 26, 2017
/PRNewswire/ -- In the US, XL
Catlin has entered into an exclusive underwriting agreement
with The McGowan Companies to provide workplace
violence insurance to US businesses.
Nearly two million American workers are victims of
workplace violence each year, according to the Occupational Health
and Safety Administration (OSHA). OSHA puts workplace violence as
the second leading cause of worksite deaths in the
US.
"Continued workplace violence incidents have prompted many
businesses to ask – what if it happens to us? And if it does,
will we be prepared to handle it?" said Denise Balan, Senior Vice President and head of
US Kidnap & Ransom insurance business. "Workplace
violence can result in employee injury, business interruption and
reputational damage.
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."
According to Paul Marshall,
Managing Director of the McGowan Companies, "From higher education
to hospitality, from manufacturing to healthcare facilities --
businesses of all sizes, across industries, can find themselves at
the center of a workplace violence incident. By teaming up
with XL Catlin, we are able to offer our clients access to the most
comprehensive workplace violence insurance on the
market."
The McGowan Companies will offer XL Catlin's Workplace
Violence and Stalking Threat insurance on surplus lines or admitted
basis with liability limits up to USD 5
million. 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 expenses,
personal accident, legal liability and business interruption
expenses.
About the McGowan Companies
The
McGowan Companies are an industry leader for specialized insurance
programs. Through McGowan Program Administrators
(MPA), the company designs, administers and markets
highly-specialized programs of insurance. To learn
more, contact Paul Marshall at
937.949.5816 x5951,
pmarshall@mcgowanprograms.com,
visit mcgowanprograms.com.
About XL Catlin's Insurance
Operations
XL Catlin insurance companies
offer property, casualty, professional, financial lines and
specialty insurance products globally. Businesses that are moving
the world forward choose XL Catlin as their partner. To learn more,
visit xlcatlin.com.
About XL Catlin
XL Catlin is the
global brand used by XL Group Ltd's (NYSE: XL) insurance and
reinsurance companies which provide property, casualty,
professional and specialty products to industrial, commercial and
professional firms, insurance companies and other enterprises
throughout the world. Clients look to XL Catlin for answers
to their most complex risks and to help move their world forward.
To learn more,
visit xlcatlin.com.
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SOURCE XL Catlin