Terrorism Insurance
Standard insurance policies often to not cover acts of terrorism. If your business is damaged due to a terrorist attack your company may therefore lose income and take time to get back to full scale operations. If your business is in a high-risk area, such as near government buildings, major transport hubs or landmark buildings; cover against these acts may be game changer for your business.
How do I choose the right cover?
Cover will vary based on your business. No building is exempt from a possible terrorist attack however rural buildings may have lower risk than those located in the financial district or near a high-profile landmark. You’ll also need to consider what industry you are in since certain industries may have a higher risk of being targeted.
What Does Terrorism Insurance Cover?
A commercial terrorism policy covers damaged or destroyed property—including buildings, equipment, furnishings and inventory. It may also cover losses associated with the interruption of your business. Additional cover can include denial of access (including non-damage), chemical, biological, radiological, nuclear (CBRN) attacks or excess protection for higher limits on non-damage cover.