A terrorism incident can have a significant impact on a business, both financially and reputationally.
Protecting assets against property damage or business interruption resulting from acts of terror should therefore always be considered as part of a holistic risk management strategy.
The terror threat is more complex as technologies advance and groups adapt to pressure from heightened counterterrorism activity. Methodologies have developed significantly post the 9/11 terrorist attacks: there has been a notable movement from large-scale, high-impact attacks to more frequent but lower-scale attacks, often targeting more vulnerable assets.
Businesses are facing a more complex insurance landscape. They not only need cover against extensive property damage or bodily injury, but they must also focus on protecting against business interruption and subsequent loss of revenue. In recognition of these changing requirements, Talbot has invested significantly in adapting our product offering over recent years to respond to evolving threats.