Marsh Specialty has launched a new corporate reputation insurance product in partnership with Allianz Global Corporate & Specialty.
Reputation Protect Plus, a corporate reputation insurance product provides coverage against the loss of net operating profits from a crisis combined with a comprehensive crisis response service.
While the financial loss cover under the Marsh exclusive policy wording with Allianz is a game changer, we also set out to find a way of expanding this solution by helping clients identify the potential risks their business face and develop tangible response and prevention strategies.
What We Do
Reputation Protect Plus has been designed to deliver a physical asset to the board room enabling proactive management of reputational risks, in addition to the traditional benefits of investing in an insurance policy that are realised only when a loss is experienced.
Understanding the factors that determine reputational risk enables a business to take actions to address them. We can offer protection for:
Financial loss
Protection for up to 180 days of falling net operating profits from when the reputational harm is first discovered including the cost of an external expert required to prepare and present the quantity of the financial loss.
Rectification advice
The policy will cover external expert costs to identify the underlying cause of a crisis and to advise on steps to prevent such a crisis in the future.
Reputational crisis response
24/7 access to a pre agreed panel of professional crisis communication consultants supported by real time media monitoring assessing the effect of the crisis ongoing and post the incident.
A strategic media analysis report
Hosted by a leading international media analysis institute, you will receive a strategic media analysis report following a briefing with your senior management.
The assessment is designed to:
- Highlight senior management’s awareness of stakeholder and typical industry risks
- Detect vulnerabilities in the business to lower and mitigate reputational risks before a crisis
- Deliver an impartial view to form the basis for a proactive crisis communication strategy.