Terrorism Insurance

Terrorism cover is an additional insurance policy that can protect against potential losses and liabilities that may occur due to terrorist related activities.

Our standard event insurance policies alone do not cover losses or damage sustained from the result of a terror attack, this means that should you be caught up in the position where your event has been a target, you could find yourself having to cover the cost of renovations and repairs.  Terrorism cover is an additional level of cover that can be added to your cancellation policy. However, this cover is only offered to Beazley clients, and is not a standard cover.

What is covered?

There are many cover level options available that cover different circumstances of terrorism.

Time & Distance Terrorism 

This covers for the direct result of terrorism which occurs at the venue or within 50 miles of the venue and within 50 days of the event. This also covers threat of terrorism confirmed by local/national governmental authorities or security services, as having appeared to pose real risk of physical loss or bodily injury to those attending the event had it proceeded. This also must occur within 50 days of the event. This is for either non-UK domiciled policy holders holding events in the UK and/or UK domiciled organisers holding events outside of the UK

Full Terrorism 

This ultimately covers any loss from terrorism or threat of terrorism if the client can demonstrate that cancelling the event was necessary and justifiable. This does not cover however fear of potential terrorism or any terrorism involving nuclear weapon, device or the emission, discharge, dispersal, release or escape of any chemical or biological agent. This is for either non-UK domiciled policy holders holding events in the UK and/or UK domiciled organisers holding events outside of the UK

As will all types of cover, terrorism insurance is formulated to support you when the unexpected happens, meaning you won’t have to deal with a scenario that you cannot afford by yourself. Although terrorism cover may appear unnecessary, we can never predict what the future may hold. If you want to make sure that your event is protected to the highest possible level, we recommend you add terrorism cover to your policy today.