Terrorism and Loss of Income
Minimising the many business impacts of dishonesty
There are good reasons to consider Terrorism and Loss of Income insurance from AIG
Growing awareness
Growing reports of violent attacks in particular regions has aroused concerns in the wider world to this threat. While in general Portuguese companies have not been considered direct targets, businesses should consider the risk to their operations from collateral damage from an event.
Risk mitigation
With no control over the timing, severity and location of such events, a risk mitigation strategy of safeguarding against the risk by taking out appropriate insurance on the property and lost income as a result, could mean the difference between minimising losses and irreparable damage to the organisation.
Who is it for?
Sectors that might consider they have a higher exposure to this type of event include:
- Tourism and Leisure (Hotels, Resorts, Stadiums, Amusement Parks, ...)
- Communications and Transport (Telephone, Airports, Metro, Railways, ...)
- Government and Facilities Paratroopers buildings (Embassies, ...)
- Public Supplies (Electricity, Water, Gas, ...)
- Large, central public buildings
What is covered?
Our insurance against Acts of Terrorism was specifically designed to cover the following risks:
- Sabotage - Deliberate subversion to cause harm or destruction of property
- Terrorism - The unlawful use of violence against persons or property including policy objectives