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Political Violence & Terrorism
Price Forbes have a dedicated Terrorism team who collectively have a wealth of experience in structuring and placing US and International Terrorism risk programmes, servicing all divisions within the Group; the core sectors include General Property/Liability, Energy, Power, Marine Cargo and Construction for both global and for single territory risk. Ultimately pricing can be determined by commercial realities and the availability of aggregate capacity with supply and demand pressures.
Client Profiles
Clients needing War, Political Violence or Terrorism insurance coverage range from small companies with single asset exposure to multinational companies with global locations including:
- Fortune 500
- Offices and Banks
- Power and Utilities
- Chemical and Pharmaceutical
- Energy – Oil and Gas Infrastructure
- Construction and Mining
- Hospitality and Leisure
- Rail Roads & Mass Transit Hubs
We pride ourselves on offering bespoke contract wording solutions where necessary for the individual needs and demands of our assureds – providing greater clarity to coverage through clear, unambiguous language. Our brokers and technicians strive to ensure that these wordings continue to provide the broadest coverage in a fast evolving insurance market.
Coverage can include:
- Physical Damage to scheduled property assets and stocks
- Business Interruption and Extra Expenses (following property damage trigger)
- Contingent Business Interruption (Denial of Access)
- Terrorism Liability
- Threat Coverage: evacuation or prevention of access, security and PR consultancy costs.
Price Forbes has worked with Terrorism insurers to develop and adapt products to meet the volatile and unpredictable nature of terrorist and malicious acts for the following exposures:
- Terrorism & Sabotage
- Nuclear, Chemical, Biological, Radiological coverage (NCBR)
- Terrorism Liability – first and third party)
- Political Violence (War, Insurrection, SRCC etc)
- Active Assailant & Malicious Attack
CLAIMS
We have a dedicated resource within the Claims team who offer specialist experience for Terrorism & Political Violence claims. Price Forbes have a proven record of claims settlement on Terrorism & Political Violence risks which, by their nature are complex and often in troubled parts of the world. Our knowledge and experience has delivered successful and timely claims settlements.