If you can convince the Department of Homeland Security that your technology or plan can save lives in a terrorist attack, you may be able to get lower insurance premiums, according to a DHS official on a Security Industry Association webinar.
The Department of Homeland Security’s Science and Technology Directorate has been pushing the SAFETY Act as an incentive for companies and manufacturers to develop and use anti-terrorism technology. In return, it provides legal liability protection to organizations that manufacture or implement “technologies and services that could save lives in the event of a terrorist attack.”
These liability protections only apply to claims that result from a terrorist attack but limit the amount a company can be held responsible for if someone decides to sue later. Once a product is SAFETY Act certified, it can assert a government contract defense in court, whether or not it is actually a contractor.
“What we do is a complete analysis of the insurance industry related to the product or technology and we determine what a fair amount of insurance is that company should carry,” said Stephen Hancock, one of Homeland Security’s security industry liaisons. “The company is absolved of anything above that insurance limit.”
These protections also extend to end users.
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