The growing number of active shooter events in the US since 2000 has raised the overall awareness of such attacks. Between 2000 and 2006, the average number of incidents in the US per year was 6.4, which increased to 16.4 between 2007 and 2013 (a 2014 study by Texas State University, the FBI and the US Department of Justice).
Insurance programs for ‘active shooter’ situations generally covers the use of any weapon – firearms, knives, explosives, corrosive substances, etc. While coverage has been around since at least 2011, a growing number of insurance companies have launched programs since 2016. ‘Active shooter’ insurance covers the liability that an institution or corporation has if they are found to have not taken the needed precautions to prevent rampages. Costs such as victim lawsuits, medical costs, trauma counselling and legal fees are covered by such insurance.
As part of iSIGN’s promotion of its Security Alert Messaging (SAM) technology, information packages have been forwarded to top insurance company underwriters as a perfect companion product piece to their ‘active shooter’ insurance protection. Additionally, in our conversations with schools and colleges we are promoting SAM’s ability for possible premium reductions to their ‘active shooter’ and other dangerous event insurance policies. Initial responses have been positive.