SEXUAL MISCONDUCT AND MOLESTATION LIABILITY INSURANCE. The specialist (re)insurance broking partner THBGROUP.COM

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1 SEXUAL MISCONDUCT AND MOLESTATION LIABILITY INSURANCE The specialist (re)insurance broking partner THBGROUP.COM

2 OUR OFFERINGS BINDING AUTHORITY WITH EXCLUSIVE THB ENHANCEMENT ENDORSEMENT 100% LLOYD S SECURITY (A.M. BEST RATING A EXCELLENT) COMPETITIVE PRICING MINIMUM PREMIUM: USD 3,500 LIMITS AVAILABLE: USD 250,000 MINIMUM; USD 10,000,000 MAXIMUM MINIMUM DEDUCTIBLE: USD 10,000 CERTIFICATES ISSUED IMMEDIATELY UPON BINDING

3 THB - Sexual Misconduct and Molestation Liability Insurance THB has enjoyed a long standing partnership with the Beazley syndicate in London through our exclusive EPL and E&O facilities. Since 2006 we have also been working with them on stand-alone Sexual Molestation Liability (SML). This has proven to be an excellent product to sell alongside our exclusive EPL product and has been gaining a lot of traction, particularly in the last couple of years. More and more frequently a wide range of companies are being mandated to purchase this coverage via contractual requirements (for example, contractors working on site at a school) and also General Liability policies, many previously silent, now often expressly exclude the coverage, requiring Insureds to obtain the cover on a stand-alone basis. Hence we are very pleased to offer Beazley Safeguard which has been designed as a comprehensive insurance, risk management and crisis response program to help Insureds address areas of potential risk, and if needed to provide support in dealing with crisis response, communication and management. The protection of children and vulnerable adults is the primary responsibility of those entrusted with their care. In addition, there are thousands of businesses and organizations whose employees or volunteers interact frequently with children and vulnerable adults, and are thus also exposed to risk. An allegation of abuse, whether founded or unfounded, can have potentially disastrous consequences for the affected organization. Perceptions of insensitivity or mishandling can easily compound the error in the eyes of alleged victims, their families, the public and potentially, the courts. Since 2006 Beazley has provided risk management guidance and insurance to institutions that face such risks and have learned that a prompt and appropriate response is critical: perceptions of stonewalling can be catastrophic. However, even the best of intentions can be misinterpreted when dealing with a sensitive and emotionally charged situation. With this in mind, this important new product has been created which combines advanced risk management and proactive crisis response services with effective insurance. Beazley Safeguard is designed to help clients minimize the risk of abuse within their organization, and to respond effectively if an event occurs. 3

4 THB - Sexual Misconduct and Molestation Liability Insurance INDUSTRIES We will consider submissions from all industries but we are finding particular success in the following areas: Educational institutions Not-for-profit organizations Religious institutions Transportation providers Healthcare providers CLAIMS EXAMPLES University Allegations made against university that adolescent boy was sexually assaulted in dormitory while attending computer course on campus. Public Schools One of the largest US school districts settled allegations relating to a single teacher and his abuse of elementary school pupils over a number of years. Private Schools Allegations emerged against US teacher who had moved between various international schools claiming abuse over a 40 year period up to 2014 involving schools in nine countries. Kindergarten/Pre-K Suits filed against pre-school alleging molestation of several students by music teacher. 4

5 THB - Sexual Misconduct and Molestation Liability Insurance RISK MANAGEMENT AND PREVENTION SERVICES Dedicated Safeguard risk management website available 24 hours a day, seven days a week for employees and volunteers. Includes the following services FREE to all primary Insureds: Unlimited online child safety training modules available for all employees Beazley Safeguard s sexual abuse prevention training, on-demand (successful trainees receive a certificate of completion) On-going training bulletins to keep the trainees uptodate Best practice risk management procedures and guidance Searchable library of related articles and materials Telephone advice service covering risk management queries from managers Links to an accredited background check company with preferential rates for Beazley Insureds RESPONSE SERVICES If an organization experiences a situation that could give rise to a future claim, Beazley can deploy experts to support an Insured through the initial crisis period: $50,000 sub-limit available First dollar coverage (no self-insured retention applicable) In addition to limits (as per exclusive THB Enhancement Endorsement) An expert panel can offer the following services, which can be tailored to the demands of a particular situation: Crisis management and communication services Legal services Forensic and investigatory services Access to a range of other services such as victim support and government relations PRODUCT Claims made and reported policy Duty to defend Defense costs inclusive within the limit Primary and excess considered Worldwide coverage Coverage includes negligent employment, investigation, supervision 5

6 SEXUAL MISCONDUCT AND MOLESTATION LIABILITY INSURANCE CONTACTS CHRIS FRANCIS DIVISIONAL DIRECTOR T: +44 (0) E: KIRSTY WIGHTMAN ASSOCIATE DIRECTOR T: +44 (0) E: DAN HEYWOOD EPL BROKER T: +44 (0) E: SOPHIE MATTHEWS EPL BROKER ASSISTANT T: +44 (0) E: THBGROUP.COM THB Professional & Financial Risks is a trading style of Thompson Heath & Bond Limited authorised and regulated by the Financial Conduct Authority. Registered in England and Wales, company number Registered office 107 Leadenhall Street, London EC3A 4AF. THB_PROF_SMM_10.18