Terrorism

Unfortunately, the threat of terrorism and other acts of mass violence is ever-present. Whether impacted directly or indirectly, when these acts do occur they can have a significant impact on a company’s property, employees and its ability to trade.
Insurance can play a role in mitigating the fallout from these malicious events. The two most common policies available for businesses are terrorism & sabotage insurance and active assailant insurance.

Target Markets

Commercial property
Offices
Residential homes & apartment blocks
Retail shops
Hotels
Schools & colleges
Leisure & hospitality

Product Highlights

Terrorism and Sabotage Coverage:
- Property limits up to $200,000,000 (with or without CGL limit)
- Utilities covered up to $2,500,000
- Contingent Business Interruption limits up to $2,500,000
- Deductibles as low as $0
- Broad, standalone policy
- Single location or multi location options available
  - Schedules up to $1,000,000,000 providing a maximum limit of $200,000,000
- Bodily injury and property damage liability
- Includes physical damage to buildings as well as loss of income and extra expenses due to business interruption after an incident
Active Assailant Coverage:
- Limits up to $10,000,000 any one event and annually
- Sub limits can be applied to specific coverage sections if required
- Limits for victim compensation are 10% of the total policy limit (or coverage sublimit), per victim
- Crisis response coverage
- Victim and organization support coverage
- Legal liability coverage
- Physical damage to buildings or contents
- Business interruption and loss of attraction coverage
- No restriction on what can be considered a ‘weapon’ for use in an assailant attack
- Worldwide coverage available
- No monetary or time deductibles

Submit your applications to: underwriting@taycon.ca