Beazley has extended its ‘Safeguard’ product, which helps businesses minimise the risk of sexual abuse within their organisations, to the Australian market.
Beazley Safeguard is designed to help clients reduce the risk of abuse within their organisation, but also to respond effectively if an incident does occur.
Alongside insurance coverage, it provides critical prevention and crisis response services as standard, reducing the risk of such incidents occurring in the first place and responding quickly and appropriately when they do.
Paul Nash, Employment Practices Liability and Safeguard focus group leader for Specialty Risks at Beazley, commented: “None of us wants to imagine that it could happen where we work or volunteer, and every effort should be made to engage with the risk management programme included with Beazley Safeguard, but should an incident of sexual molestation occur, organisations need crisis management services in place, to ensure a well-coordinated and effective response is provided as quickly as possible.”
Bethany Greenwood, head of Specialty Risks at Beazley, added: “Even with effective HR policies and the best management practices, the behaviour of individual employees cannot always be predicted. When this variance from the norm is extreme, it is crucial that businesses protect themselves with robust risk management, including appropriate insurance cover.”
The Safeguard Australia product is suitable for the education, not for profit, transportation, healthcare, religious institution and leisure sectors among others, and is available throughout Australia from 18 May.
It can be accessed via Beazley’s London market platform.
For more information about Beazley Safeguard, see here.