Terrorism Liability insurance pays out if your business is affected by an act of terrorism, compensating the organisation financially for common risks associated with terrorism, including the use of force or violence, whether the terrorists are acting alone or on behalf of an organisation, and whether the incident is committed for religious, political or ideological reasons.
What’s covered?
If you operate or trade in an area that suffers from regular attacks, or carry out a style of business that terror groups may object to idealistically, it will cover you for:
- Compensation for bodily injury and property damage that happens as a direct result of an act or acts of terrorism
- Bodily injury, including death, sickness, disease, physical injuries, mental injuries, anguish and shock to a third party
- The costs of investigating, appraising, defending and appealing any expenses related to terrorist activity
- Damage and destruction of a third party’s property because of a terrorist incident, including removing debris
- Financial damages you have to pay as the result of a claim