Broker and Pool Client Presentation
November 15 & 16, 2006
School Violent Acts Policy
• Provides indemnification for crisis management service
expenses incurred by the school or school district,
• To manage their response to an intentional violent act at their
school or at a school sponsored event, and
• Involving their students, staff, or others associated
with the school.
2
School Violent Acts Policy
School Violent Acts Policy is first party coverage that pays the
expenses incurred in managing what is traditionally a third
party event
3
School Violent Acts Policy
• What’s a “School Violent Act”?
– An intentional act involving students, parents of students,
employee(s), certain visitors, student teachers, substitute
teachers, etc. at a school’s premises.
– Premises is a defined term that includes real property that a
school owns, rents, or leases as a place to conduct education.
It also includes school approved temporary locations, field trip
locations, and school buses or other vehicles that the school
uses for the transportation of students.
4
School Violent Acts Policy
• What Expenses Are Covered Under the Policy?
– Post crises management services provided or coordinated
by a crises management service provider.
– Typically includes post incident crises intervention and
containment, media and public relations, communications,
security and authority.
– Travel expenses for parents, spouse or child of a victim to
location where the School Violent Act occurred (air and hotel).
– A limited amount for property or equipment that relates directly
to the security of the school and which may assist in the
mitigation or prevention of future School Violent Acts.
5
School Violent Acts Policy
• What Is a Crises Management Service Provider?
– An organization that assists in the execution and coordination
of an Emergency Response Plan (ERP) and provides post
crisis services. Those services mentioned in previous slide.
– Can also assists with assessment and planning in advance of
an event to allow an organization the best opportunity to
properly respond to the crisis situation.
– May be the pool providing these services to the membership.
6
School Violent Acts Policy
• Coverage Requirements
– Individual district must have a formal ERP. The plan must detail the
school’s policies and procedures in the event of a School Violent
Act and must designate a Crisis Management Service Provider.
– The ERP may be developed by Insured or in conjunction with an
outside organization. It must be communicated to the staff so they
have the knowledge and ability to execute the plan.
7
School Violent Acts Policy
• What’s Required of a School in the Event of a School Violent
Act?
– Notify the crises management firm immediately.
– Notify Genesis within 10 days of the event.
– Detail summary of Crisis Expenses incurred sent to Genesis
within 60 days after our request.
8
School Violent Acts Policy
• What Is Excluded from the Coverage?
– Cost of improvement or alterations to premises (other than the limited
coverage for improvements related to future prevention or mitigation
of School Violent Acts)
– War
– Insurrection
– Workers’ compensation benefits
– Employees salaries / wages
– Loss covered under an employee benefits plan
– Pollution
9
School Violent Acts Policy
• What Is the Retention?
– $25,000 retained limit per School Violent Act
(may be retained by member or pool)
• What Is the Limit Provided?
– $250,000 annual aggregate for each member for “Crisis
Expense”
– $25,000 for property improvements or equipment to improve
security following a School Violent Act
10
School Violent Acts Policy
• What’s in it for the Members?
– Heightened awareness and preparedness for a crisis event.
– Education and training to improve quality and effectiveness of ERP.
– Ability to execute an ERP following a School Violent Act or other
crisis situations.
– Provides a proactive response to students, staff, and community
that demonstrates best practices approach to crisis readiness.
– Piece of mind associated with funding needs for managing a
School Violent Act.
– Immediate fund availability vs. reliance on other sources.
– Allows better management of other incidences other
than violent acts.
11
School Violent Acts Policy
• What’s in it for the Pool?
– Offer new product concept to membership that provides unbudgeted
funding for catastrophic school violent events.
– Pool participation in development of ERP and crisis planning /risk
management for pool members.
– May avoid or mitigate post incident third party claims related to
School Violent Act losses.
– Allows better management of other incidences other than violent acts.
– Same Genesis claim department coordination of School Violent Acts
with any potential third party claims.
– Same prompt claim payment as experienced with
other coverages placed with Genesis.
12
School Violent Acts Policy
• What’s Required of Genesis?
– Provide School Violent Acts application for pool members to
complete.
– Provide policy wording for pool to incorporate into pool’s coverage
form.
– Provide pool with reinsurance pricing based on student population.
– Allow flexibility related to how retention is structured. Pool can
assume any portion of retention or require member to assume 100%
of retention.
– Introduce Crisis Management Service Provider (if requested).
– Involve the same Genesis claim department staff and
associated payment expectations.
13
School Violent Acts Policy
• What’s Required of the Pool?
– Present and offer School Violent Acts product to your membership.
– Receive and review completed applications inclusive of Emergency
Response Plan.
– Confirm the Emergency Response Plan is current and complete.
– Issue School Violent Acts coverage form to membership.
14
School Violent Acts Policy
Genesis Product Roll-out
• Current Genesis School Pool Clients
– First offered to pools and pool brokers on a reinsurance basis
• Current Genesis Insureds
– Present to all brokers of current insureds within the next two weeks – to offer on
a non-admitted insurance basis through MGA
• Currently Not Insured by Genesis
– Will be offered through MGA to the broader marketplace in select states
15
School Violent Acts Policy
• Next Steps
• We will contact pool broker or administrator to discuss the
pool’s interest by December 8th. Contact us sooner if you
are immediately interested.
• If broker/administrator indicates the pool is interested:
– We will provide them with application and form.
– We will work with them to establish structure based on
their pool’s characteristics.
– We will provide them with price for reinsurance of their
program.
16