Solutions for Large Accumulation Risks

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In the event of an unexpected catastrophe such as a natural disaster or an act of war/terrorism, companies can find themselves in difficult financial and liability situations. With large accumulations of employees in an office building, a business campus space or on an airplane, traditional insurance solutions may not be adequate.  But Petersen International and our specialty market resources are able to come up with unique solutions.

Example 1:

A company planned a sales retreat for their top 78 producers. They chartered two planes to transport the group to the event. Management was concerned if either plane crashed, a significant portion of their production team would be lost. Petersen was able to secure a policy with a $200 million “any one event” limit to cover the flights to and from the retreat.

Example 2:

A multinational law firm was concerned about a catastrophic event occurring at one of their office locations which could put the firm in a difficult position, hindering their ability to properly manage the case load. If attorneys working on the same project were to be killed or disabled during the same event, the logistical and financial ramifications could be disastrous. The firm purchased a $100 million limit key person accidental death and disability plan that paid out if more than 10 partners perished or became disabled during a single event.