AIG’s property terrorism insurance is structured to protect your business from potentially devastating losses, either domestic or abroad, that can result from a terrorist act.
The threat of terrorism has increased and become a greater concern for businesses in today’s uncertain and constantly evolving global political climate. Once a seldom needed element included within most property policies, terrorism coverage is now a necessary part of a comprehensive risk management program.
Our coverage goes beyond government-mandated protection and provides industry-leading limits for the unexpected times a business may need it most.
Features & Benefits
- We are able to write stand-alone policies (both with and without supporting Assets Policy).
- There are only a few markets able to offer this cover currently.
- Customization of coverage to augment locally-mandated and government administered programs available.
- Coverage is provided for acts of terrorism committed domestically and abroad.
- Flexibility of underwriting on a primary or excess basis.
- Flexibility of rate and form allows for ease of handling unique coverage situations.
Who is it for?
Commercial and corporate businesses.
What is covered?
- Includes contingent business interruption.
- Compliments your assets cover.
- Property Terrorism Sabotage includes cover for riots, strikes, civil commotion and malicious Damage, Fire and Looting, political violence including insurrection, rebellion, revolution, mutiny and coup d’etat.
Property Terrorism and Sabotage Insurance policies are short-term products and are underwritten by AIG South Africa Limited, FSP No: 15805