Cover Provided

The terrorism cover provided by Pool Re members must be issued as part of a policy which covers losses resulting from damage to commercial property. Terms and conditions that apply to the general cover will also apply to the terrorism cover. Equally, monetary limits that appear in the general policy also apply to the terrorism cover. For example, if the general commercial property policy states that losses below a certain amount cannot be recovered from the insurer, then the same deductible applies to the terrorism cover.

The only exclusions applying to the terrorism cover are in respect of:

• war and related risks; and
• damage to computer systems caused by virus, hacking and similar actions.

There is no exclusion for chemical, biological, radiological or nuclear contamination and the terrorism cover provided by the Pool Re member is able, subject to the terms of the policy, to respond in situations in which damage has been caused by such means.