Tag: active shooter coverage

How New York’s Insurance Law Is Setting a Precedent for the Nation

Nordstrom
New York's Insurance Law

New York Introduces Stand-Alone Business Interruption Insurance Law New York has taken a bold step to support businesses in managing unforeseen disruptions with the introduction of a stand-alone business interruption insurance law, effective the later part of 2024. This groundbreaking legislation expands coverage options beyond traditional policies, offering businesses more flexibility and security. What is Stand-Alone Business Interruption Insurance? Stand-alone business interruption insurance is a specialized policy designed to cover financial losses resulting from business closures, even when there is no direct physical damage to the property. Unlike conventional business…

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Active shooter insurance increasingly popular among schools

Logan B.
Active Shooter Insurance - Gun and Bullets

As the number of shootings in schools rises, interest in coverage is growing as well. Active shooter insurance has found itself in the spotlight as schools become increasingly interested in the coverage. For instance, since the February 14 Florida high school shooting, seven South Florida school districts have purchased these insurance policies. The active shooter coverage is a relatively recent product for many agencies. The primary market for active shooter insurance has traditionally been event halls, office buildings and other places where large numbers of people come together. This type…

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