War, Terrorism and Political Violence (WTPV) STAND SECURE AGAINST THE EVOLVING THREAT

Transcription

1 War, Terrorism and Political Violence (WTPV) STAND SECURE AGAINST THE EVOLVING THREAT

2 THE WTPV THREAT A politically-motivated riot causes damage to a town centre forcing police to restrict access; an act of war by a neighbouring state causes extensive damage; an office block destroyed by a terrorist bomb. Acts of war, terrorism and political violence can have a devastating impact on businesses. In addition to the on-going risk of a catastrophic attack on physical assets terrorists are also adapting their methods to inflict mass casualties. This new threat has resulted in gaps in the coverage provided by conventional insurance policies which can be outdated and short of the cover businesses need today.

3 Hiscox is a pioneer and one of the longest standing Lloyd s markets for WTPV. From small private companies to Fortune 500 size multi-nationals, Hiscox has established a diverse portfolio of terrorism products to meet the needs and exposures of a client s business. With decades of experience and unprecedented geographical scope, we provide cover against the latest global threats, underwriting on first loss, excess of loss, and quota-share placements. Why work with Hiscox WTPV? Dwe D offer a diverse portfolio of options within our terrorism suite of products D50 D years of combined underwriting experience means we produce and price cover to accurately reflect our clients risks Doption D to elect the coverage option(s) that suit insured s business best Dpartnership D with Control Risks and Weber Shandwick to provide the latest advice on political risks and reputation management. A market leader in WTPV since Sabotage and terrorism Limit available up to: $125m Dproperty D damage Dproperty D damage as a result of a civil or military authority Dbusiness D interruption Dcoverage D responds to both certified and non-certified acts of sabotage and terrorism. Sabotage and terrorism combined liability Limit available up to: $50m Ddamages D for bodily injury Ddamages D for property damage Ddefence D costs Dclaims D expenses DGL D will respond as the primary liability cover DEL D will respond as an excess layer to the insured s workers compensation cover, where applicable.

4 70% OF POLICIES UNDERWRITTEN, WE TAKE THE LEAD. $125m MAXIMUM LINE SIZE FOR ANY ONE RISK. 2,200+ POLICIES UNDERWRITTEN ANNUALLY. UNIQUE RELATIONSHIP WITH CONTROL RISKS. NCBR Limit available up to: $25m Dblast D damage Ddecontamination D Dclean D up and/or removal costs Ddemolition, D increased cost of construction and loss control Dloss D of net income and extra expense Ddenial D of access business interruption DControl D Risks consultation services Dbroader D malicious acts cover, not limited to sabotage and terrorism Dno D zonal limitation on the origin of attack. Loss of attraction Limit available up to: $5m Dindemnity D for net profit loss where, as a direct result, the insured suffers loss of attraction to an insured location Doption D to select additional trigger locations that may have a direct relationship with the insured revenue Dinsured D perils include sabotage and terrorism, riots, strikes and civil commotion. Threat Limit available up to: $5m AOO Dbusiness D interruption with no requirement for physical damage Dpost-loss D assessment from Control Risks, following a threat made against you Dadvice D to insured on mitigating the risk of losses, whether a claim is made or not Dbroader D malicious acts cover, not limited to sabotage and terrorism. Claims Our customers value our skill and clarity in wording policies and an excellent claims payment record. We are proud to be a company that delivers our promises. Recognised expertise in claims handling and wordings.

5 FROM BOMBS TO BULLETS Active shooter Limit available up to: $20m aggregate Dcoverage D triggered by an active shooter event and includes: Dproperty D damage Dbusiness D interruption: Dup D to 180 days plus an additional 90 days for extended period of indemnity. Dcrisis D management, including: D$250k D for additional security D$250k D for counselling D$250k D for public relations. Dincome D loss if shooting event occurs within one mile of insured s location Dloss D of attraction income loss if shooting event occurs within one mile of insured s location. AFB Active Shooter Consortium Limit available up to: $20m Backed by a Lloyd s consortium led by Beazley Syndicate, this standalone coverage is triggered by an active shooter event and includes: Dthird-party D liability cover Dsecurity D consultancy for pre- and post-loss advice Dcounselling D costs. Hiscox has a reputation as an innovative leader in product development. A study of 160 active shooter incidents in the US between 2000 and 2013* * Blair, J. Pete, and Schweit, Katherine W. (2014). A Study of Active Shooter Incidents, Texas State University and Federal Bureau of Investigation, U.S. Department of Justice, Washington D.C

6 Hiscox Ltd 1 Great St Helen s London EC3A 6HX T +44 (0) E enquiries@hiscox.com For more information To find out more about Hiscox War, Terrorism and Political Violence cover, speak to your Hiscox underwriting contact, call +44 (0) , terrorism.referrals@hiscox.com, or go to hiscoxlondonmarket.com. Registered in England no Hiscox Syndicates Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. This broker communication is for informational purposes only. The coverage afforded by the products described herein are subject to and governed by the terms and conditions of each policy issued. This information may not be used to modify any policy that might be issued. The products described are underwritten by a Hiscox Syndicate at Lloyd s, London, and are available in the US on a surplus lines basis. The publication and delivery of this information is not intended to be a solicitation by Lloyd s for the purchase of insurance on any US risk /16