What Would You Do?
Risk Scenarios combine interactive technology with hypothetical risk scenarios to create compelling learning opportunities. Created by Risk & Insurance editors along with key industry thought-leaders, Risk Scenarios challenge participants to first decide how they would handle a situation before learning the approach of peers and other industry experts.
A terminated employee becomes unhinged and exacts revenge on his employer, injuring five people with a softball bat. Unfortunately for the employer, Minnick Engineering, the news cameras are rolling when the employee is apprehended and the footage makes the evening news. From a coverage standpoint, Minnick Engineering is as vulnerable as its employees, prospective employees and contractors were the day of the attack. It is revealed that the terminated employee presented a potential threat that hadn’t been adequately addressed by company leadership. Hefty litigation expenses take a serious chunk from the company’s general liability policy. There is nowhere for Minnick to run and hide come renewal time.
Blue Mountain Regional Medical Center seeks to grow by attracting medical practices from the Mid-Atlantic region. All seems promising, but the professional liability risks posed by some of the physicians in the acquired practices are daunting. After the physicians are named in a class action, Blue Mountain discovers that it must cover the physicians’ prior acts, yet the hospital’s insurance coverage is not adequate to cover those exposures. Within months, what was once a promising and expanding organization is in retreat.
Executives with regional grocer Pinecrest Food Markets rush to make amends when it is thought that customer financial data had been compromised in a cyber-breach. But the family-owned company’s executive team scrambles to do damage control without first having a good grasp of the language in their cyber coverage policy. Pinecrest’s problems go from bad to worse when it’s determined that there was in fact no breach. This fact leaves Pinecrest uncovered for its customer notification expenses and the company takes a serious reputational and financial hit.