Terrorism-related liability risk is high magnitude and largely uninsurable. 9/11 litigation alone produced risk exposures over $10B, and legal fees in the 10's (if not 100's) of millions of dollars. And the litigation can drag on for years and consume valuable time and resources.
Fortunately, the US Government recognized this potentially enterprise-crippling liability exposure, and passed the US SAFETY Act (as part of the Homeland Security Act of 2002), which provides valuable limitation of liability for companies that meet certain criteria specified by the Department of Homeland Security for declared acts of terrorism. The SAFETY Act caps potential liability at a readily-insurable level (that most companies already carry), and customers of a SAFETY Act-covered company can be shielded from terrorism-related liability - a powerful marketing tool.
As a benefit to C-TPAT participants, Customs and Border Protection has negotiated for C-TPAT Tier 3 to be a part of this government limitation of liability program.
This benefit is easy to qualify for as well. C-TPAT Tier 3-qualified companies need only provide evidence of their Tier-3 qualification and evidence of insurance coverage. And best of all - there is no government filing fee associated with the streamlined application (and its processing by DHS) to obtain protection under the SAFETY Act.
- Learn about the SAFETY Act, an important liability protection for companies who are innovative with their supply chain security efforts
- Discover how to apply for and reap the benefits of SAFETY Act coverage from companies who have been through the process
- Get information about the connection between CTPAT and the SAFETY Act, and how CTPAT membership makes it easier to apply for SAFETY Act coverage
- Hear first-hand how SAFETY Act coverage has helped other CTPAT Tier III-certified companies
Kirsten Provence, Senior Manager, Supply Chain Security, Strategy, and Business Operations, Boeing
As the Senior Manager of Boeing's Supply Chain Security program, Kirsten leads the team responsible for maintaining the security of Boeing's global supply chains and ensuring Boeing's compliance with federal and international supply chain security requirements. Kirsten is also the executive strategy leader for Boeing's Security & Fire Protection organization and leads the development and delivery of the organizational strategic direction, reporting to the VP & Chief Security Officer of The Boeing Company.
Dale Svenson, Enterprise Risk Management, Boeing
As Senior Manager of the Risk Management & Insurance group within Boeing Finance, Dale is responsible for maintaining and executing significant business risk processes and reviews for the Boeing enterprise and subsidiaries. This scope includes management of terrorism-related risk for company security products and services through leveraging the US SAFETY Act. Prior to focusing on corporate risk full time in 2010, Dale was responsible for managing Homeland Security R&D for the Boeing Research & Technology organization.
Akmal Ali, Principal, Catalyst Partners
Akmal formerly served as the Deputy Director of the SAFETY Act Office within the U.S. Department of Homeland Security (DHS). During his time at SAFETY Act Office, Akmal helped expand the program to provide coverage to security services including aviation and cargo security related services. Akmal helped developed one of DHS's first SAFETY Act Block Designation and assisted in the creation of the C-TPAT Block Designation. Akmal is a principal at Catalyst Partners, a homeland security consulting firm located in Washington, D.C. Akmal graduated from Syracuse University College of Law and its Institute of National Security and Counterterrorism.
Tony Pelli, Supply Chain Risk Consultant, BSI
Tony is an experienced supply chain risk consultant with a broad range of skill sets, including experience conducting end-to-end supply chain assessments for clients and their supply chain partners. Tony has designed loss prevention and physical security assessments for Fortune 500 clients, and assisted in the design and implementation of supply chain security plans.