XL Catlin has added “active assailant” coverage to its crisis management product suite, responding to the threat of physical attack faced by businesses and public service providers.

COO Crisis Management Stephen Ashwell says global terror events and recent high-profile attacks by groups and individuals have underlined the need for specialist coverage.

“Without the right insurance cover, the aftermath can be devastating, crippling organisations and their function in society,” he said.

“This is why we have developed this coverage to help address the gaps in existing solutions.”

Active assailant global coverage will initially be underwritten in the UK, US, Germany and the Asia-Pacific region.

“The solution is designed to help organisations with the financial impacts of active assailant events ranging from business interruption, denial of access through to medical expenses and business rehabilitation costs,” Mr Ashwell said.

XL Catlin expects significant demand for the solution and has added additional capacity to support its development.