If you've ever had an employee conflict escalate into a physical confrontation, you know firsthand that the serious social problem of on-the-job violence also poses a significant threat to companies unprepared to deal with its financial implications. To help, Cigna International has introduced insurance covering both victims of workplace violence and their employers.
"Homicide is the second leading cause of death in the American workplace," says David Samuel of Cigna International in Chicago. In addition, Cigna researchers have determined that more than 1 million employees nationwide were attacked at work in 1994. The aggregate cost of workplace violence in the United States is about $4.2 billion annually.
Cigna's policy reimburses the employer for loss of business income and for public relations expenses required to restore the company's image after an incident of violence occurs on company property. It also covers the victim's medical expenses and salary if he or she is unable to work after an assault, covers the cost of temporary replacement employees, pays for temporary security measures, reimburses victims, witnesses and other co-workers for counseling, and more.
"[Violent] incidents are not restricted to large, multinational corporations," says Samuel. "In fact, most incidents occur in smaller companies."
For more information, contact your local insurance broker, or call Cigna International at (800) 950-6164.