Is active shooter insurance necessary?

On Behalf of | Sep 26, 2019 | Injuries, Insurance Coverage Defense |

The number of mass shootings in the country is very concerning. While some people respond to these incidents by protesting or reaching out to lawmakers, as a venue owner in New York, you may start to become concerned about the safety of your venue. What often gets almost as much media attention as the shooting itself is the lawsuits that comes after. Since people cannot sue bun makers in most cases, they look for others to hold responsible, and you could be a target. This might prompt you to look into your options, including active shooter insurance.

Security Magazine explains active shooter insurance provides you coverage in the event of a shooting incident. The insurance will help you to pay for support services afterwards, including counseling. It will also help pay for expenses, such as offering benefits to victims and their families. You may also get coverage to protect you from a loss of income since after such an incident, it can be difficult to get people back into your venue. Like most insurance policies, you can tailor it to fit your needs and wants.

This type of insurance falls under the category of gap insurance because it offers coverage that other policies do not offer and covers situations your other insurance would not. Premiums vary widely, and policies have a range of exclusions that you should note.

It is very difficult to assess your risk of an active shooter situation. If you feel this is a possibility, you may want to at least look into this type of insurance. This information is for education and is not legal advice.