The Next Big Thing in Insurance Coverage

“Where there’s a crisis, there’s a buck to be made”. In the wake of the Tiger Woods scandal, DeWitt Stern, a risk management and insurance brokerage firm, launched “reputational risk insurance” in early 2010.  Reputational risk is related to the trustworthiness of business, where damage to a firm’s reputation can result in lost revenue or destruction of shareholder value, even if the company is not found guilty of a crime.

With the boom in social media, interest in reputation risk has increased substantially.  Recently several major insurers have introduced policies that address reputational risk exposure, as well as risk management services to help corporations keep their reputations intact.

During this session, our panelists will discuss the concept of Reputational Risk Insurance, risk assessments of insureds, covered perils, as well as potential claim investigation processes.