XL Catlin’s insurance operation in Iberia today announced the launch of an Emergency Security and Disaster Evacuation (ESDE) solution for businesses with employees working internationally.
This solution for Spain has been designed to respond to the needs of companies which, without the coverage, would not have access to immediate, expert logistical support and run the risk of having to pick up the significant costs of evacuating employees from an affected area due to political emergency or natural disaster. It covers expenses such as the cost of transportation, accommodation and salary continuation.
José Ramón Morales, Country Manager Iberia for XL Catlin’s insurance operation, explains: “The number of Spanish expatriates is increasing, this is a trend which is likely to continue. Protecting employees is of primary concern for multinational companies. In the event that they have to evacuate their people from an area of or even a country, they need an insurance coverage which is clear and responsive. We understand that, and that is why our coverage includes 24/7 access to one of the world’s leading emergency evacuation response experts, Drum Cussac.
Commenting on the launch of the solution, Stephen Ashwell, Chief Underwriting Officer Crisis Management at XL Catlin said: “We’ve seen how natural disasters, political violence, terrorism, coups d’etat can occure with little or no warning and have wide-ranging consequences for the people they affect.
Evacuations are not only costly; they can also be very complicated and stressful for individuals. As such, we’ve designed the ESDE solution to help companies protect their employees in the wake of these unforeseen and high impact events.”
The ESDE cover complements XL Catlin’s existing suite of solutions including Kidnap and Ransom, War, Terrorism and Political Violence, Product Recall and Event Cancellation.