Coterie Insurance, a tech-enabled MGA simplifying small business insurance, has introduced workplace violence insurance coverage.
This new offering, developed in partnership with Berkley Re Turnkey Solutions, aims to empower agents and brokers to support their small business clients in addressing workplace violence risks effectively.
The company has launched this product in response to the increasing prevalence of workplace violence.
As noted by the Occupational Safety and Health Administration (OSHA), nearly 2m American workers report being victims of workplace violence each year. Coterie aims to provide small businesses with the resources needed to prevent, prepare for, and recover from such incidents.
Coterie Insurance, headquartered in Cincinnati, is a modern managing general agent (MGA) leveraging technology to simplify the insurance process for small businesses.
Its mission focuses on streamlining access to policies while enhancing the customer experience for agents, brokers, and their clients.
The workplace violence insurance product provides comprehensive coverage, including crisis management and expense reimbursement.
Additionally, it offers risk management tools to help businesses mitigate potential threats. This coverage can be added as an endorsement to Coterie’s business-owners policies and general liability policies, offering flexibility for small business clients.
Christopher Ellis, Head of Turnkey Solutions at Berkley Re, highlighted the importance of the collaboration, stating, “We are honoured to join forces with Coterie who are at the forefront of offering vital workplace violence coverage amidst growing societal concerns. This collaboration is a testament to Coterie’s leadership and dedication to supporting small businesses and reflects our mutual commitment to tackling these important challenges.”
David McFarland, CEO of Coterie, remarked, “Unfortunately, violence in the workplace is becoming more common, making coverage a necessity for small businesses looking to safeguard against their business risk. Workplace Violence incidents can lead to significant economic losses, jeopardize the well-being of employees and guests and harm business reputations. Small businesses often find it difficult to manage these complex issues. Our workplace violence coverage is crafted to help small businesses prevent, prepare for, and respond to such events comprehensively.”
This collaboration underscores Coterie’s dedication to equipping small businesses with essential tools and insurance coverage to maintain resilience in challenging environments.
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