Hawkeye-Security Insurance recently announced that it will offer Violent Event Response Coverage beginning this month to its public and private school policyholders throughout the Midwest.
Recognizing that most general liability policies do not cover many expenses and losses resulting from a violent event, this new coverage provides payment for certain medical and funeral expenses, death benefits, counseling services, wages for temporary personnel, rental of temporary facilities, and security service, regardless of legal liability.
This coverage, combined with loss prevention specialists available through the Safety Advantage Network and the recent Safer Schools Seminar in Northfield, Minn., underscores Hawkeye-Security Insurance’s knowledge and experience in meeting the insurance needs of schools and fostering safer learning environments, the company statement said.
“Preventing losses and improving school safety is a continuous mission that we share with schools, law enforcement, and communities,” said David L. Lancaster, president and chief executive officer, Hawkeye-Security Insurance. “We also recognize that the threat of deadly violence is ongoing and the consequences of these incidents are devastating. This coverage strengthens our comprehensive approach to insuring schools by helping them recover should a tragedy occur.”
Violent Event Response Coverage is available for new business, renewals, and by endorsement in Iowa, Kansas, Minnesota, Nebraska, and for private schools in Wisconsin beginning July 1, 2007, and is pending regulatory approval in Missouri.
The basic and aggregate limits for response, expense, and loss resulting from each violent event are $300,000 with optional limits of $500,000 and $1 million.
Source: Hawkeye-Security Insurance
2/ Hawkeye-Security InsuranceÔ Offers Schools Violent Event Response Coverage
The Hawkeye-Security Insurance School Program offers a full range of property and liability coverages and services that allow schools to tailor their insurance coverage to meet their individual needs. Policyholders also have access to the Safety Advantage Network’s members, proven specialists who provide superior products, services, and school safety solutions. Schools or agents interested in learning more about Hawkeye-Security Insurance’s School Program are encouraged to visit online at www.hawkeyesecurity-ins.com.
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