Petersen International Underwriters has launched a new type of insurance known as Corporate Accumulation Death and Disability Insurance. This insurance protects firms that may have a sizeable accumulation of employees or principals in one location from the concerns of a catastrophic loss.
Events such as earthquakes, hurricanes, floods, or terrorist acts could cause an unusually high loss of life or serious injury among employees”, stated Mark Petersen, vice president of marketing. “The ability to insure companies for such a loss in the event of this type of catastrophe can be arranged through Petersen International Underwriters”, said Petersen.
Source:
Topics Catastrophe Profit Loss
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