Overview
The financial and reputational damage that
allegations of sexual misconduct and molestation impose on an
organisation can be immense. Our service includes both
risk management advice to minimize the prospect of claims and broad
insurance coverage to address claims should they occur.
Details
Recent escalation of high profile claims
prevalent in the US led to Beazley producing a product that
addresses the financial and reputational damage that sexual
misconduct and molestation allegations create.
The product offers financial protection and
risk management for organisations against the cost of defense and
liability in responding to actual or alleged acts of sexual
misconduct and molestation, as well as negligent hiring and
supervision.
Unlike other companies that simply offer an
insurance policy, Beazley provides both pre-claim risk management
and, in the event of a claim, loss mitigation.
Beazley’s policy offers the following
features:
- Coverage for executive officers, directors,
trustees, employees, coaches, counselors, clergy and
volunteers
- Coverage includes negligent hiring,
employment, investigation, supervision, training or retention of,
or failure to report to proper authorities, employees who commit
acts of sexual misconduct or molestation
- Coverage for insured events occurring
anywhere in the world
- Duty to defend policy
Furthermore, insureds are entitled to free
access to BeazleySource, a web-based risk management tool
offering:
- Employee and volunteer training on preventing
and reporting sexual misconduct and molestation
- Articles and databases on a wide variety of
sexual misconduct and molestation issues
- Best practices advice provided by our expert
counsel
We will pay these losses
Subject to the terms and conditions of the
actual policy, we will pay claims for:
- Damages awarded against the assured
- Defence costs and expenses
Limits available
Up to US $5,000,000 available as a primary or
excess placement. Tail policies also considered.
Target market
- Religious institutions/organizations
including churches, parishes and archdioceses
- Educational institutions
- Healthcare organizations
- Social services
- Leisure services including camps, recreation
centers and outdoor activity companies
Key territories
Worldwide
Not all coverages or products described on
this website are available in all US jurisdictions. Some products
are available on an admitted basis in some but not all US
jurisdictions from Beazley’s US insurance company subsidiary, while
other products and coverages may be available in the US only on a
surplus lines basis through licensed surplus lines brokers doing
business with Beazley’s Lloyd’s of London syndicates.
The descriptions contained in these pages
are for preliminary informational purposes only. Coverages will
vary depending on individual state law requirements and may be
unavailable in some states. The exact coverage afforded by the
products described on this website is subject to and governed by
the terms and conditions of each policy issued. The
publication and delivery of the information contained herein is not
intended as a solicitation for the purchase of insurance on any US
risk.