Terrorism & Political Violence Insurance
Political instability can erupt with little warning, threatening personnel, assets and operations. Terrorism and broader political violence perils are excluded as standard on property policies. Our customised Terrorism and Political Violence insurance solutions are designed to fill this critical gap.
Differentiating Terrorism and Political Violence
Understanding the fine print in your policy is vital to knowing exactly what is and isn’t covered. The distinction lies in the definitions:
Terrorism Coverage: Specifically protects against acts committed for political, religious, or ideological reasons. It covers you for physical damage and business interruption caused directly by a terrorist act.
Political Violence Coverage: Includes terrorism but goes further to cover war, civil war, rebellions, strikes, riots, and civil commotion. This comprehensive approach covers the full spectrum of risks that can cause damage to operations in unstable regions.
For corporations operating in hostile territories, a standalone Terrorism policy is often insufficient. Political Violence coverage ensures protection against the wider turmoil that can result in economic and physical disaster.
Protecting Business Assets
Our policies address:
Physical Damage: Repairs to buildings, vehicles, and machinery caused by political violence.
Business Interruption: Compensation for lost revenue if operations must be shut down due to an insured event.
Looting: Coverage for the theft or destruction of goods during civil unrest.
Close the Gap in Your Coverage
Do not wait until a crisis occurs to discover the exclusions in your regular policies. If your company operates in hostile regions, Political Violence coverage is not a luxury, it is a necessity.
We can review your current exposure and provide a competitive quote for comprehensive war, terrorism, and political violence protection.
FAQS
What is the difference between Terrorism and Political Violence insurance?
Terrorism insurance specifically covers acts driven by political, religious, or ideological motives, usually carried out by a group or individual. Political Violence is a much broader form of coverage. It includes terrorism but extends to cover war, civil war, rebellion, insurrection, strikes, riots, and civil commotion.
What is 'Denial of Access' coverage?
Denial of Access is a key component of business interruption cover. It compensates you for lost income if you are unable to access your business premises due to a security threat, such as a police cordon following a terrorist incident, even if your specific building was not physically damaged.
