Get coverage against Property damage.
In most cases, business property insurance or other standard policies will not cover terrorist act or related fallout as it is a standard exclusion in all conventional policies due to its widespread effect and cost, however in view of its recent global prevalence it is advisable that it should be taken as a separate policy to ensure adequate coverage.
TERRORISM is defined as “The unlawful use or threatened use of force or violence against individuals or property in an attempt to coerce or intimidate governments or societies to achieve political, religious or ideological objectives”. Terrorism is, in the broadest sense, the use of intentionally indiscriminate violence as a means to create terror among masses of people; or fear to achieve a religious or political aim. It is used in this regard primarily to refer to violence during peacetime.
We want to make sure your terrorism insurance policy includes coverage for property damage, as your building will most likely be heavily damaged during a terrorist attack. This should include the building contents, vehicles, and other property associated with the business.
The policy should also cover loss of income and extra expenses, as there is sure to be some time your business is unable to function after an attack. You’ll also want coverage for employee injuries and lawsuits that could arise there from.
It’s a bit overwhelming to think of all the scenarios you want protection from with terrorism insurance. Here’s a quick list to consider:
Office address:
Abuja:- No 29 Aswan Street Wuse Zone 3 Abuja.
Phort Harcourt:- No 9 Woluchor Rumukalagbo Waterlines, Port Harcourt Rivers State. Nigeria
Call for help:
+234-907-673-7882
