New product rubber stamp.We have two new products to tell you about this week that target the middle market. One, from XL Catlin, is a new policy that helps mid-sized companies deal with recovery from workplace violence. Another, from Hartford Steam Boiler, provides broad, standalone cyber coverage.


XL Catlin is introducing insurance coverage designed to help mid-size companies deal with recovery from workplace violence.

The new, direct coverage: Act of Workplace Violence and Stalking Threat insurance. Clients can get liability limits up to $25 million, and the policy will cover expenses relating to public relations counsel, plus psychiatric, medical or dental care. Employee counseling, temporary security measures, rehabilitation expenses, personal accident, legal liability and business interruption expenses are also addressed by the plan.

In addition, a special endorsement is also available for the company and its employees that would cover an off-site incident of workplace violence that could take place at locations such as a client’s or vendor’s facility.

Workplace violence is the second leading cause of work-site deaths in the U.S., according to statistics from the Occupational Health and Safety Administration cited by XL Catlin.


Munich Re’s Hartford Steam Boiler Inspection and Insurance Company unveiled a new standalone cyber insurance product targeted to mid-size businesses.

Bigger Better and Faster Product as a Concept

HSB Total Cyber offers direct coverage for multiple types of data and cyber exposures, and is meant to help clients fill coverage gaps. The policy addresses protection for multiple areas including data breach response and liability, identity theft, cyber attack, cyber extortion, and network security/electronic media liability.

The target client: a business with revenues of $10 million to $150 million, though businesses with revenues up to $250 million can be underwritten.

HSB plans to offer the policy through independent agents and brokers, pending approvals in some states.

Sources: XL Catlin, HSB/Munich Re