Restaurant owner adds mass shooting insurance coverage

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By Jamie Leary

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Denver, CO (KCNC) — For some companies, the subject of security has never been more important and the concept of insurance against mass shootings is becoming a reality.

“We have a yearly conversation regarding insurance, property insurance and we were just going over our basic information and our insurer suggested that we get this add-on which is mass causation insurance to protect us against a shooter,” said Jacqueline Bonanno.

Jacqueline Bonanno and her husband have been in the restaurant business for 22 years. Bonanno Concepts now has nine restaurants in Denver as well as the Milk Market food hall.

The company has worked with Lloyd’s of London to add mass loss cover. Bonanno said it wasn’t a major cost to add him financially, but the cost was emotional.

” It’s horrible. It’s horrible to think about, and you have to get away from the emotions and try to think about what’s right for your business and the people you work with. I mean, it makes sense. It’s a common sense business decision. But it’s emotionally awful,” Bonanno said.

Mass Causal Insurance covers, in part, the treatment of PTSD as well as uncovered workers’ compensation claims.

“It protects you from the cost of closing your business, breaking glass, light fixtures. These are the tangible physical costs of something so horrific,” Bonanno said.

The Bonannos already have a strong mental wellness program in place for their employees. It’s something employees have expressed a need for during the pandemic. Mass Causal Coverage is an extra layer of protection for the company and the people who work there.

“Socially we shouldn’t be here, but yes, of course I will buy the assurance that I will do whatever it takes to protect the people I work with,” she said.

According to insurance publication Property Casualty 360, this type of cover is highly specialized and only a few companies offer quotes or have brokers experienced in writing policies for mass causal incidents. If businesses are interested in pursuing it, Property Casualty 360 recommends requesting two or three quotes and comparing the forms closely, paying particular attention to the insurance agreement, definitions and exclusions.

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