Recent tragic events in Paris and Belgium are a sad reminder that terrorism is rarely confined to government or military targets – all public venues and transit routes are considered fair game.
Your business could be affected not only by a terrorism incident but also by a threat or false alarm. If roads are closed or access restricted, that could hit your income – and without separate Terrorism cover, your insurance is unlikely to cover it.
For some time now, UK insurers have been unwilling to provide full cover for loss, damage or interruption due to terrorism – preferring instead to pass on the majority of such risks to Pool Re, the government-backed terrorism insurance programme.
Most insurers providing commercial property and consequential loss insurance (more commonly referred to as business interruption) in the UK are members of Pool Re and are able to offer terrorism cover to any client who requests it, as part of the relevant commercial policy they issue.
But Terrorism Insurance has to be bought separately. If you don’t have Terrorism Insurance and would like a quote, or if you’re unsure if your current policy covers terrorism, do get in touch – my advice is always free and without obligation.
Email me at firstname.lastname@example.org or simply call 01223 200664.