According to Tarique Nageer, head of the terrorism insurance division at Marsh in New York, active shooter insurance is on the way soon due to the lack of coverage afforded by current terrorism policies (held by 6 out of 10 major businesses) in situations where damages are less than $5 million, as is usually the case when bombs don’t go off.
Coming down the pipeline next year, according to Nageer? Active shooter insurance.
According to Marsh’s website:
As the world’s leading terrorism risk insurance broker, Marsh provides advice, intelligence, and solutions to help protect your interests at home and abroad.
Several years ago the Secretary General of Interpol advocated use of armed citizens to harden soft targets against terrorism, yet lawful carry by armed citizens is not specifically mentioned anywhere in this article by Tarique Nageer, or in this one by a Marsh colleague, or in Marsh’s 2015 Terrorism Risk Insurance Report (though the latter sports such graphics as bullet-riddled glass on its cover and later, a coffin juxtaposed with an AK47).
Marsh wields a lot of power in the insurance world, and “insurance reasons” is often cited by business in adopting policies which frustrate or prohibit carry. (Some states, like Utah, are fighting back against such lame excuses by enacting exculpatory statutes.)
The big question is: Will Marsh and the insurance industry as a whole give fair consideration to businesses and insurers who want to save money (and more importantly, lives) by allowing and even encouraging lawful carry by armed citizens on commercial property?
If attacked, do you want to be Victor or Victim?
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David R. Duringer, JD, LL.M, is a concealed firearm instructor and tax lawyer specializing in business and estate planning. He is managing shareholder at Protective Law Corporation, headquartered in Laguna Hills, primarily serving Orange County and Southern California with a satellite office located in Coronado (San Diego County).
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