Cleveland prepares for RNC with $10 million policy

This insurance policy is the first step in managing potential risk for the city of Cleveland
By Catherine Goshorn

With an expected 50,000 people in the area, a well-publicized platform for social and political agendas and the convergence of more than 15,000 credentialed media and social media, everything that happens, no matter the significance, will be reported.

Trump events are notorious for producing protests both in support of and opposition to the presumptive GOP nominee. When talk began to surface of delegates withholding support for Trump, many delegates received verbal threats pointing to potential physical harm happening at the convention in the event Trump is not nominated. Trump supporters have been known to be aggressive with Trump’s opposition within as well as outside of the GOP.

Not taking the situation lightly, the city chose Aon to broker an insurance policy for its Department of Finance. Aon will place a $10 million professional liability policy to cover city police for misconduct lawsuits. This policy was a requirement for the city to host the convention. The cost of the policy is $1.5 million and will be offset by a $50 million federal security grant, says Sharon Dumas, the city’s finance director.

According to Jerry Kysela, executive chairman and managing director of the North-Central Ohio region for Aon, policies covering an event of this size fall into three buckets: professional liability, general liability and risk management. Possibly the most significant policy will be the police and security professional liability policy which is referred to by some as protester insurance. Because of the political nature of the event, protests are almost expected and always considered during the planning phase.

This insurance policy is the first step in managing potential risk for the city of Cleveland. In a world with heightened tensions local governments are forced to protect themselves financially against the risk of misconduct.

More in Industry

Do the Math
Industry Do the Math
It's time organizations practice what we preach.
Industry Unicorns Ahead
Insurtech investments focus on later-stage rounds, larger sums.
Over 100 Million Individuals Affected by Capital One Breach
Industry Over 100 Million Individuals Affected by Capital One Breach
The data breach is reported to affect approximately 100 million customers in the...
Discover Content Your Way
Industry Discover Content Your Way
Whether you prefer tags, breadcrumbs or categories, it's easier than ever to fin...
26 Insurtechs to Know
Industry 26 Insurtechs to Know
These tech-enabled intermediaries are distribution players t...
We Gotta Get on It
Industry We Gotta Get on It
From building trust through technology to addressing resilie...