What is Crisis Response Expenses Insurance?
Posted by Robert Cooper on Jun 16 2011
As a result of bodily injury to a third party, an insured may suffer adverse general public confidence. The purpose of considering this extended coverage is intended to help regain the confidence of the general public or of a specific market segment. Some examples include:
- The property owner of a premises experiences adverse attention in the local paper after a visitor accidentally slips and falls which causes severe bodily injury
- A manufacturer has a product in the market which has caused the user bodily injury and as a result experiences adverse media attention.
These expenses incurred as a consequence of these or similar incidents may not be covered by your current policy, but Chubb Commercial Insurance Policy is offering this additional cover as a new endorsement.
Coverage Expense Benefits
- Advice and service provided by a communications, public relations or other crisis response firm
- Broadcast, electronic, printed, telecast and telephonic announcements, communications and notices
- Overtime remuneration, transportation and accommodation of regular workers
- Procurement, remuneration, transportation and accommodation of persons other than permanent employees
- Cost of administering first aid at the scene
- Communication costs for regaining public or marketplace confidence following covered General Liability bodily injury
- Limits of Insurance are separate from the main General Liability Policy Limits
- 10% Co-payment applied as standard (no-deductible provision)
- Available on a first and third party basis.
If you would like the benefit of this cover combined with a Commercial Insurance policy through Chubb, please contact CPR Insurance Services on 07 31231137