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    04 Nov, 2019|

    Terrorism Protection

    Business owners juggle a lot of issues and one of them will be protecting their livelihood with insurance covers. Yet fewer than 3% of SME’s purchase cover against acts of terrorism and many lack any knowledge around business continuity planning or how to best cope with a disaster. It is becoming increasingly evident that many small businesses don’t realise that property and business interruption covers exclude acts of terrorism.

    Why would a small business care? It’s pretty simple to see really. A business would be affected with little or no physical damage to premises with a knock on affect if:

    • Your business is caught behind police cordons
    • A customer or a supplier is affected physically or with a cordon
    • There is a loss of a public utility
    • Suffers a reduction in footfall following an attack – loss of attraction
    • Uncompensated losses due to significant business interruption

    The insurance industry recognises that there is a gap in customer understanding and frankly brokers and insurers have to do more in promoting terrorism cover and the very basic protection is provides.

    Have a look at what Pool Re have to say here.

    If you like a video have a look at this from BIBA /ITN

    If your broker hasn’t spoken to you about protecting against terrorists then ask them. Better still ask us.


    Steve Green


    Anthony Jones Insurance Brokers

    Nov 1st 2019