Commonwealth Insurance Launches “Active Threat Solutions” to Address Emerging Risk
Active Violence in Today’s World: A Growing Threat to Business and Beyond
June 13, 2018
Fort Washington, PA –Taking proactive measures to secure effective insurance coverage against violent threats including active shooters, has proven to be both hard-to-find and expensive for the majority of small to mid-sized businesses in the U.S. One innovative brokerage firm, Commonwealth Insurance Advantage (Commonwealth) has committed its senior management team to join forces with its U.S. and global business partners to develop a comprehensive new coverage for “active violence” situations in both work and public spaces.
Partnering with industry experts, including U.S.-based national program administrator Intercorp, Inc., the London Market, and a leading, global crisis management firm, Commonwealth has structured a highly sophisticated, active violence response group skilled in best-practice consulting with proven crisis/risk management experience. Working with Commonwealth’s team, our partners provide upfront awareness and training, deploy seasoned and highly-trained responders to any insured situational threat, and remain involved through counseling, liaison with the press, plus on-site and post-event coordination with local authorities.
Announcing the firm’s commitment to helping insureds and the brokerage community introduce this new and multi-faceted product, Commonwealth president, Eric Bossard, stated, “Our team is focused on delivering this unique coverage to the marketplace. Our new program, Active Threat Solutions (A.T.S.), is aptly named because it accurately sums up our mission to provide our clients with proven solutions to this emerging violent threat in both the public and private sectors. We are privileged to be partnering with Lloyds of London, Intercorp and others on this ground-breaking insurance initiative.”
Adam Berg, VP of Strategy & Operations at Commonwealth added, “Our new Active Threat Solutions program is a claims-made, third-party liability coverage for lawsuits, on-site disaster assistance and follow-up counselling services. The coverage is available to a wide variety of industries including senior living, education providers, entertainment venues and retail operations, to name a few.”
Commonwealth can offer this new liability product in all 50 U.S. States. To learn more about the Active Threat Solutions program, visit our website at www.commonwealthinsure.com, contact us directly at ATS@commonwealthinsure.com or call us at (609) 285-3985.