So what are the big risks that are out there and how can the insurance industry help to mitigate them?
Whilst organisations may assume that the technology they use is secure, the reality is that attackers will exploit any weaknesses they find in configuration or usage.

It’ll never happen here – short film produced in conjunction with ITN and BIBA

NDBI

Purchasing terrorism insurance is an essential safety net and helps to put businesses back on their feet and pay the cost of physical damage and non

physical damage businesses interruption losses in the event of an attack.

We now offer reinsurance to our Members for non-damage business interruption caused by an Act of Terrorism, many have already signed up and should be able to offer cover for interested policyholders. The scope of reinsurance cover offered by Pool Re is business interruption caused by:

  1. An Act of Terrorism that prevents or impairs access to an insured premises and/or
  2. Loss of Attraction directly attributable to an Act of Terrorism within 1 mile of an insured premises

The maximum indemnity period for this cover is 3 months.

To help small businesses understand the impact of not having terrorism insurance in place, if the worst should happen, we have worked with ITN and BIBA to produce this compelling short film. The film, centred in Borough Market, highlights the impact the attack had in small businesses, in particular one market stall holder, following the devastating terrorist attack on London Bridge in 2017.

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