Beazley Safeguard is designed to help clients minimize the risk of abuse within their organization, and to respond effectively if an event occurs.
An allegation of abuse, whether founded or unfounded, can have potentially disastrous consequences for the affected organization. Perceptions of insensitivity or mishandling can easily compound the error in the eyes of alleged victims, their families, the public and,potentially, the courts.
Since 2006 Beazley has provided risk management guidance and insurance to institutions that face such risks. We have learned that a prompt and appropriate response is critical: perceptions of stonewalling can be catastrophic. However, even the best of intentions can be misinterpreted when dealing with a sensitive and emotionally charged situation.
With this in mind, we created Beazley Safeguard, an offering that combines advanced risk management and proactive crisis response services with effective insurance. Beazley Safeguard is designed to help clients minimize the risk of abuse within their organization, and to respond effectively if an event occurs.
We will consider submissions from all industries and our experience has allowed us to identify six key markets:
- Educational institutions
- Not-for-profit organizations
- Transportation providers
- Healthcare providers
- Religious institutions
- Leisure providers/facilities
Also, a wide range of companies are increasingly being mandated to purchase this coverage via contractual requirements (for example, contractors working on site at a school) and we can offer them appropriate cover. General liability policies, many previously silent, now often expressly exclude the coverage, requiring insureds to obtain the cover on a stand-alone basis.