Mass shooting insurance product launched by Gabriel in partnership with Chaucer
- March 18, 2024
- Posted by: Web workers
- Category: Finance
Gabriel, a technology company tackling mass shootings and workplace violence threats, has partnered with specialty re/insurance group Chaucer and crisis management specialists Merrill Herzog to offer a mass shooting insurance product.
Designed to prevent and mitigate against mass shootings, the Active Assailant product uses artificial intelligence (AI) technology to alert insureds when an attack is taking place.
It also notifies emergency services and neighbouring buildings, and establishes a video-linked command platform to effectively manage the crisis in real time.
Insureds could include schools, universities, hospitals and places of worship, which will be able to buy Active Assailant cover from Chaucer.
Then Gabriel builds and instals an incident security dashboard, and Merrill Herzog assists with crisis response when an incident is triggered, providing immediate expert advice and support for organisations.
Liz Heslip, Class Underwriter at Chaucer said: “Chaucer have partnered with Gabriel and Merrill Herzog, two companies at the forefront of saving lives and crisis response in the event of an Active Assailant Incident. We believe through these partnerships we have the most technologically advanced and unique Active Assailant product in the market.”
The Active Assailant product is a combined property damage, business interruption and liability cover, following an active assailant incident at the insured’s location or a neighbouring site.
It also covers business interruption following the threat of an active assailant and loss of attraction following an incident.
Gabriel CEO, Yoni Sherizen, said: “Our work with Chaucer represents a historic step in preventing mass shootings and other active assailant threats. By incentivising preventative measures, this forward-thinking insurance is focused on getting ahead of threats with smart technology and not just pay for their consequences.
“I believe this is a first step towards setting a new standard for active assailant, deadly weapons, and workplace violence cover. From now on, they will actually prevent threats, not just pay for their deadly impact.”
Paul Hatcher, Merrill Herzog CEO, added: “Merrill Herzog and Gabriel are working together to combine technology and practical solutions to prepare for and help to prevent active shooter incidents. We are delighted to work with Chaucer to bring this powerful solution to their insurance clients.”
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