How Standalone Terrorism Coverage Can Reduce an Insured’s Total Cost of Risk
The frequency of politically motivated attacks is increasing, and terrorism insurance has become a necessary component of a comprehensive risk management program. Attacks can be large and high profile or small and discreet. Terrorism insurance is designed to protect businesses from the unpredictability of a terrorist attack, but traditional coverage may not be enough. Standalone terrorism coverage can be a more valuable alternative, and it’s important for brokers to evaluate these policies for their clients.