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Terrorism & Political Violence Insurance

Terrorism and political violence insurance protects against political, religious and ideological acts and includes cover for sabotage, damage to premises, business interruption, prevention or restriction of access to premises and utilities, as well as loss of income, including rental income.

Features of political violence insurance

Our innovative terrorism and political violence product for businesses includes the following key features:

  • Coverage includes damage to your premises as well as loss of income and extra expenses due to business interruption.
  • Ideological acts of political, religious motivation covered
  • 125% day one uplift
  • No 'non-selection' rule - ability to insure single or multiple locations under one policy
  • Clear definitions of 'Acts of Terrorism' and 'Acts of Political Violence'
  • Follow form wording covering key extensions offered by the underlying property policy
  • Underwritten by certain underwriters at Lloyd’s

Why do you need terrorism and political violence insurance?

We live in a world where the risk of terrorism is ever present, yet property insurance policies are not designed specifically with this exposure in mind, leaving businesses exposed to uncertainty and potentially catastrophic business interruption. The potential liability is enormous with The Institute of Economics and Peace estimating the direct cost of terrorism to the global economy at $52.9 billion in 2014; a ten-fold increase since 2000.

The current threat level for international terrorism in the UK is severe, while levels for Northern Ireland-related threats are identified as severe in Northern Ireland and substantial in Britain (England, Scotland, Wales). This type of terrorism is well-publicised but risks can also come from otherwise peaceful everyday protests if they end up being marred by violence and anti-social behaviour.

Terrorism isn’t a risk that can be transferred but many of the commercial consequences can. The effects of these attacks can cause property damage, loss of income, bodily injury and death, denial of access, loss of attraction, loss of reputation, loss of key personnel and more.

However, often terrorism would not be covered as standard under your usual portfolio of insurances. In response to this emerging insurance need, Towergate offers a policy that provides broad cover, a simple application process and competitive pricing. 

Terrorism insurance from Towergate

Many property policies leave a grey area around acts of terrorism and political violence. Yet the need for insuring against terrorism and political violence risks under a standalone policy has never been greater.

The policy we offer provides broad and flexible coverage specific to an individual client’s exposure to these threats and their business needs, with a clear and concise policy trigger. 

 

Terrorism and political violence covers available

  • Terrorism cover
  • Ideological threats
  • Sabotage
  • Riots, strikes, civil commotion and malicious damage
  • Insurrection, revolution, rebellion, coup d’etat and mutiny
  • Political violence, including war and civil war
  • Hoax and bomb threats

Limits, deductibles and premiums

  • No limit for total insured values
  • Nil deductible as standard

Service 

The policy is backed up by a top-level service offering featuring: 

  • Same day or 24 hour quotations provided as standard
  • Most policies issued within 24 hours of binding 

Get a terrorism and political violence insurance quote

For more information or to obtain a quote, contact Robin Gleeson, Business Director at Towergate Insurance Brokers in Hemel Hempstead:

Download our terrorism and political violence brochure

Read further information.

Read terrorism and political violence insurance articles