Bukaty Blog

Preparing for workplace violence with insurance.

Violence is unpredictable; be prepared

Authored by Bukaty Companies on October 11, 2019

No one wants to imagine violence in their workplace, but it can happen at a moment’s notice and preparation is key. According to the National Safety Council, workplace violence is the third leading cause of worksite deaths.

When violence strikes, active shooter/workplace violence insurance provides liability coverage and pays for expenses associated with the incident. Despite its name, the plan is not limited to firearm attacks; it covers workplace attacks from knives to explosives.

The coverage extends to liability from any legal action stemming from the event and includes indemnity. Business expenses, ranging from a crisis consultant to temporary security measures, are also covered.

It also covers costs related to victim harm, including but not limited to

  • rehabilitation,
  • medical care,
  • funeral and death expenses, and
  • psychiatric care.

If a violent situation were to occur in your workplace, the last thing you’ll want to think about is cost. This coverage provides peace of mind knowing that in the worst-case scenario you are covered and can focus on what really matters: safety and employee well-being.

Violence can strike anywhere, which is why this coverage is designed for all types of organizations and industries. Coverage limits range from $1 million to $100 million and often has a $0 retention cost. This means there is no out-of-pocket cost to you before the insurance activates on a filed claim. The flexibility and customization make this policy ideal for any business.

If you’re interested in exploring active shooter/workplace violence insurance, contact our Property and Casualty division at 913.951.2400.

Blog Category: Insurance, Workplace Insights

BUKATY PODCAST

Episode 8: Avoiding employee lawsuits

Discover how your business could be at risk for lawsuits, and learn strategies to minimize your chances of getting sued. Our podcast guest shares HR tips you won’t want to miss.

Episode 7: Management training is more important than you realize

Don't leave your managers untrained and unprepared. This episode explores the importance of training your company leaders and how it can be detrimental to your business if you don't.

Episode 6: A benefits package for all ages

Rather than limit your company to an outdated one-size-fits-all benefit package, explore customized, generationally based benefit options for your employees. Each generation has different benefit preferences and Bukaty has the technology and benefit lineup to cater to their needs.

Episode 5: The future of employee benefits

Listen to this podcast and discover how employers are utilizing online benefit management platforms to save valuable time and money. Employees love the ease and convenience an online system has over traditional paper enrollment. It’s a win-win for all!

Episode 4: The power of data analytics

Data analytics can serve as a powerful cost-containment tool for your organization's benefit program. Done right, analytics can illuminate the origin of high health care costs and opportunities for improvement. This episode will examine what it means to analyze data and how a proper analysis can benefit your business.

Episode 3: Understanding reference-based pricing

Reference-based pricing has become a popular strategy to control employer health care costs. Listen to this episode to gain a greater understanding of how this cost-saving strategy can lower reimbursement amounts and overall health care spending.

Episode 2: Busting narrow network myths

Narrow network plans can sound restrictive, but the reality is these plans are a valuable option for many groups. They have the potential to offer up to 20% savings on employee health insurance. 

Register for the Webinar