Terrorism & Political Violence insurance

Insuring the unpredictable

While security forces work extremely hard to make the world safe, a host of tragic events have proved how terrorists can hurt innocent people just about anywhere in the world: Las Vegas, Nice, Florida, London, Japan, Sydney, Jakarta.

Terrorist acts are no longer the preserve of militant political activists or aligned with specific groups. Independent, unaffiliated attacks are becoming more common – and their lone-wolf nature makes them harder to predict. 
 

What’s included in your policy?

Policies include different clauses, but all broadly fit into these three categories:

Terrorism insurance
Covers against loss or damage to insured property and the ensuing loss of income caused by acts of terrorism and sabotage.

Political violence insurance
Covers against loss or damage to insured property and the ensuing loss of income caused by acts of terrorism and sabotage, with certain extensions. This type of policy extends cover to:

• Riots, strikes and/or civil commotion
• Malicious damage
• Insurrection, revolution or rebellion
• Mutiny and/or coup d’etat
• War and/or civil war
• Counter-insurgency

Active assailant insurance 
With the change in terrorist tactics, many attacks do not manifest in property damage.  

This type of policy covers loss of income (including property damage) following an active assailant event where the attack is premeditated, a weapon is used (including a vehicle) and three or more persons are injured. Cover can be designed to include the following:

• PR consultancy expenses 
• Relocation expenses 
• Counselling and psychiatric care 
• Medical expenses 
• Job retention costs / recruitment costs
• Additional security measures