It’s an unpredictable world out there and we tend to take security for granted, until there is an incident. But by then, for many businesses it is often too late. Terrorist attacks don’t just impact countries and governments.
The focus of the infamous 911 attacks in New York was on the bigger companies such as Morgan Stanley and AON yet a number of medium and small sized companies went out of business as a result of the attacks.
But 911 had an impact on the cost of products and services. Airlines were hit badly and it took 4 years for passenger volume to reach pre 9/11 levels. This will have had an impact on not just the carriers but all of their suppliers.
Terrorism poses multiple challenges to an organisation’s security on multiple levels and the threat is constantly evolving. There are insurance policies on the market that offer Terrorism Insurance coverage.
However, a typical commercial insurance policy issued in the market generally excludes loss due to terrorism unless additional cover is purchased or the terrorism policy is bought on a stand-alone basis.
Based on extensive local and international data, Perinsuran Brokar has developed a unique Terrorism Insurance product that covers damage or destruction of property due to an act of terrorism. It can also be extended to cover losses associated with business interruption in relation to a terrorist attack and to cover political violence risks.
If you would like to hear more about how Perinsuran Brokar can help mitigate your exposure to Terrorism risk, please contact us for an informal consultation about your insurance needs and how we can source the right coverage for your business at exceptional rates. Simply contact us today and we’ll arrange to come and see you.