We study the dynamics of two vertical-cavity surface-emitting lasers (VCSELs) mutually coupled such that the natural lasing polarization of each laser is rotated by 90 degrees and then is injected into the other laser. Simulations based on the spin-flip model show transient square-wave polarization switchings before a stationary state is reached. The influence of various model parameters on the duration of the stochastic transient time and on the lasers' dynamics in the stationary state is investigated.