Berkley Re Solutions, a subsidiary of Insurance holding firm Berkley has announced a new reinsured turn-key solution designed to help companies respond to workplace violence.
A host of specific coverages and services that help organisations prepare for, respond to and recover from a workplace violence tragedy have been developed.
As part of its development efforts, Berkley Re Solutions has partnered with experts in areas such as crisis management and mental health counseling.
Berkley Re Solutions will offer 100% reinsurance protection or welcome carrier partners to share in the risk immediately or over-time.
“Collaborating with our carrier partners was critical in the development of this solution. They helped us focus on the breadth and depth of needed coverage and services,” said Greg Douglas, President, Berkley Re Solutions.
“Accordingly, our program can be tailored with specific coverages and various price points. We’re thankful to the insurers who helped us design this flexible service and coverage offering.
“By using this collaborative approach, we’re able to offer this turnkey reinsurance program that helps with this unfortunate but very real concern in today’s society.”
Bill Seefried, Senior Vice President and Chief Underwriting Officer, added, “Having this transparent quota share flexibility in a reinsurance partner is important to carriers as they explore how to bring important solutions to their customers.
“Workplace violence is a tragic reality in our society and our clients can now more easily help their insureds during those times of need.”
