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Learn how our Crisis Expense coverage just got better

April 4, 2019

Zurich’s High Excess insurance solutions now include up to $250,000 of additional coverage to help customers protect themselves from catastrophic situations.

hex business crisis announcement april 2019

For any business to succeed, it’s important to capitalize on current opportunities as well as embrace new ones. But every broker knows their clients must also be prepared for the challenges presented by an unpredictable world. Umbrella and Excess Liability insurance solutions help protect our customers from catastrophic situations and potentially major liability claims that could threaten their future.

Not all insurance policies are created equal. What sets Zurich’s High Excess coverage apart  – in addition to delivering solutions even in the higher layers of a customer’s excess tower – is its new, value-added benefit, explained Carol Laufer, Head of Excess Casualty for Zurich North America.

“Many lead umbrellas have crisis expense, which typically offers $250,000 in the event of a crisis, whether it’s to help victims’ families or hire a public relations firm to cover reputational costs, to cite just two examples,” Laufer said. “Zurich increases that amount for our customers. If they have our High Excess coverage in their tower, as long as we believe the claim will hit our layer, they may get $250,000 more for crisis expense coverage. That will be included in every High Excess policy that we have. We are one of the few insurance providers to offer this.”

Approved crisis business examples include crisis-related public relations; medical, funeral and travel expenses and psychological counseling for families of victims; temporary living expenses, and expenses to secure the scene of a casualty business crisis. The coverage also is flexible enough to include additional expenses that are preapproved by Zurich.

“We also have the ability to drop down from a higher coverage layer to a lower coverage layer when customers need that option,” Laufer said, “and Zurich has the unique ability to issue foreign local admitted policies when needed.”

In addition, Zurich’s knowledgeable and experienced Excess Casualty Claims Team will be there when you need them.

To learn more about the new High Excess Liability coverage, download our fact sheet.

The information in this publication was compiled from sources believed to be reliable for informational purposes only. All sample policies and procedures herein should serve as a guideline, which you can use to create your own policies and procedures. We trust that you will customize these samples to reflect your own operations and believe that these samples may serve as a helpful platform for this endeavor. Any and all information contained herein is not intended to constitute advice (particularly not legal advice). Accordingly, persons requiring advice should consult independent advisors when developing programs and policies. We do not guarantee the accuracy of this information or any results and further assume no liability in connection with this publication and sample policies and procedures, including any information, methods or safety suggestions contained herein. We undertake no obligation to publicly update or revise any of this information, whether to reflect new information, future developments, events or circumstances or otherwise. Moreover, Zurich reminds you that this cannot be assumed to contain every acceptable safety and compliance procedure or that additional procedures might not be appropriate under the circumstances. The subject matter of this publication is not tied to any specific insurance product nor will adopting these policies and procedures ensure coverage under any insurance policy.

©2019 Zurich Insurance Company. All rights reserved.

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