Gallagher Crisis Protect
Gallagher Crisis Protect is a comprehensive crisis management solution; combining indemnities for 1st party, 3rd party and response with pre and post incident risk management services for a wide range of security eventsRecent events highlight the dynamic and wide ranging security crises that businesses face, such as active assailant, workplace violence / assault and large scale emergency evacuations. These crises can cause serious disruption, financial loss, adverse publicity and potential legal liability, that can impact your business and profits. At Gallagher we have developed Gallagher Crisis Protect
Gallagher Crisis Protect
Gallagher Crisis Protect is a comprehensive crisis management solution; combining indemnities for 1st party, 3rd party and response with pre and post incident risk management services for a wide range of security events
Insured Events
Consultant Costs Only
Gallagher Crisis Protect is available to clients in two ways
Gallagher Crisis Protect available via your Gallagher preferred professional. Gallagher Crisis Protect
Gallagher Crisis Protect Mini
Online via AJG Cyber, fixed annual premium of $2k
- For clients with revenues less than $250m
- Excluded client types are public sector and education
- Fixed indemnities
- 1st party $1m (up to 5 locations)
- 3rd party $100k
- Crisis Consultant costs up to $1m
Gallagher Crisis Protect
Bespoke underwriting
- For any client
- Flexible indemnity limits up to:
- 1st party $25m
- 3rd party (15% of 1st party limit)
- Crisis Consultant costs
- Unlimited for detention, disappearance, extortion, hijack, hostage crisis and kidnap
- $1m for assault, blackmail, civil commotion, deprivation, emergency repatriation, employee dishonesty, radicalization, sabotage, stalking, terrorism, threat and vicious attack
- Pre Incident Funds available up to 5% of premium
Example Insured Events
Example, real world events that highlight what would be covered under the policy terms and the scope of the event definitions
FAQ
WHAT IS A CRISIS DEFINED AS?
Crisis means any decisive, unstable or crucial time in the policyholder’s affairs or operations resulting from any insured event(s) that either:
- has directly caused a material disruption; or has the potential to cause:
- imminent damage to real property and/or property and/or threat thereof and/or financial loss; and/or
- the reporting of any insured event(s) in local, regional or national media including radio, television, newspaper or magazines which is likely to cause a material disruption to the policyholder and/or insured person(s)
- bodily injury and/or death or disablement to any insured person(s)
WHAT DOES THE COVER INCLUDE?
GCP Mini – fixed annual premium of $2k
- For clients with revenues less than $250m
- Excluded client types public sector / education
- Fixed indemnities
- 1st party $1m (up to 5 locations)
- 3rd party $100k
- Crisis Consultant costs $1m (limited to 25k for cyber extortion and product tamper)
GCP – bespoke underwriting
- For any client
- Flexible indemnity limits up to:
- 1st party $25m
- 3rd party (15% of first party limit)
- Crisis Consultant costs
- Unlimited for detention, disappearance, extortion, hijack, hostage crisis and kidnap
- $1m for act of terrorism, assault, blackmail, civil commotion, deprivation, emergency repatriation, employee dishonesty, radicalization, sabotage, stalking, threat and vicious attack
- Pre Incident Funds available up to 5% of premium
WHAT SERVICES ARE INCLUDED?
Crisis Consulting Support
Gallagher Crisis Protect is supported by a comprehensive crisis consultancy package that helps clients build resilience and helps address duty of care
In the event of an incident they have the support of world leading crisis consultants that are made available by calling one number
- NYA; https://nyarisk.com/
- R3 Continuum; https://r3c.com/
The solution supports clients during the 3 phases of a crisis; Pre Incident, During the Incident & Post Incident
HOW IS THIS POLICY BETTER THAN OTHER OPTIONS IN THE MARKETPLACE?
There are no similar policies in the marketplace that offer INDEMNITY and response coverage for as broad a range of insured events with as extensive a range of risk management services
ISN’T THIS ALREADY COVERED UNDER MOST BUSINESS INSURANCE PLANS?
The short answer is “No.” In order to obtain coverage for as broad a range of crises, many separate insurance policies would have to be purchased at a much higher cost to your business
DO SMALL BUSINESSES NEED THIS COVERAGE?
This Gallagher Crisis Protect mini product is designed with small businesses in mind. It enables access to crisis response consultants for a wide range of crises without having to buy multiple other products at a much greater cost e.g. Terrorism insurance, product recall cover, kidnap and ransom cover
WHAT IS THE COST OF NOT BUYING THE COVERAGE AND SELF-INSURING A CRISIS?
In the absence of this coverage you, as a business, may not know who to turn to in the event of a crisis to get 24/7 access to crisis consultants and your financial loss may not be indemnified
WHO IS THE INSURANCE CARRIER?
Lloyds of London and American International Group (AIG) UK Ltd
WHAT IS THE CLAIMS-HANDLING PROCESS?
Insureds have access to a 24-hour data hotline to report actual or even suspected incidents
WHAT FIRM PROVIDES THE CRISIS RESPONSE SERVICE?
In the event of an incident they have the support of world leading crisis consultants that are made available by calling one number
- NYA; https://nyarisk.com/
- R3 Continuum; https://r3c.com/
WHAT IF THERE ARE QUESTIONS THAT ARE NOT ANSWERED HERE?
You can call your preferred Gallagher Professional or contact us using the form at the bottom of the page
Want to get in touch?
Gallagher Headquarters, 2850 Golf Road, Rolling Meadows, IL 60008