Terrorism is an ever-present threat that can be difficult to predict and quantify. With losses, costs or damages incurred as a result of terrorist activity typically excluded from a standard commercial insurance policy, an act of terrorism can have a significant impact on a business’ bottom line.
Talbot AIG provides worldwide cover for SRCC. We can offer protection against property damage and business interruption losses sustained during a committed action by a group of people to disturb the public peace for political purposes or motivations.
Talbot AIG’s political violence product was designed to enable clients to manage the risk posed by the potential outbreak of war – international or civil. Policies are designed to offer a solution that is highly-specialised and tailored to respond to the priorities of the specific organisation.
Sabotage and terrorism combined liability provides cover for the insured’s liabilities to third parties and employees where damages are sought for property damage or bodily injury following an insured event. Terrorism liability can be offered on a standalone basis or purchased alongside property damage and business interruption policies.
Talbot AIG’s malicious assailant cover is designed to deliver assurance and help organisations ensure they have plans in place should an incident involving an armed individual or group occur. Our specialist team can offer tailored packages for organisations of all sizes and across all sectors.
The Talbot AIG NBCR product has been designed to respond to the multitude of threats posed by opportunistic use of nuclear, biological, chemical, and radiological agents.
Talbot AIG provides terrorism threat insurance, covering businesses against loss of income through interruption without the need for there to have been physical damage as a trigger. This means that broader malicious acts, intended by terrorists to use fear to disrupt business, are covered in addition to direct sabotage and physical acts of terrorism. This could include acts such as threats of terrorist action or bomb hoaxes.
Denial of access insurance provides cover for costs associated with business interruption following an authority’s decision to shut down a building, location or area after an act of terrorism or civil unrest.
Loss of attraction products are designed to respond when no actual physical damage occurs at an insured location: rather, an event that results in physical damage or bodily injury occurs within a pre-defined radius of the insured business, or at a previously identified location that could impact trade. Forensic accountants would then be consulted to determine the extent of the financial loss and the calculable downturn in revenue.
