As the lines separating events of war, terrorism and political violence become increasingly blurred, Hiscox, a specialist insurer operating globally, has responded by launching a combined insurance policy to protect companies against the individual or combined effects of all three.

The new comprehensive property cover is especially suitable for large, international organisations typically operating in emerging markets, where their business may be more vulnerable to such conflicts, removing any uncertainty should a loss be suffered.

The all-in-one policy, tailored to individual business needs, now covers:
• an act of terrorism and/or sabotage
• malicious damage resulting directly from an act of terrorism
• riots, strikes, civil commotion
• invasion, acts of foreign enemies, hostilities (whether war is declared or not), civil war, rebellion, revolution, coup d’etat, insurrection or mutiny
• war.

The war, terrorism and political violence cover will also allow policy-holders to take advantage of services offered by business risk consultancy Control Risks. In taking out a policy, organisations may be entitled to consultancy across a range of Control Risks services including comprehensive security audits and reviews, design and implementation of security policies and procedures, physical security measures right through to business continuity planning and crisis management planning and training.

Clients can also draw on Hiscox’s expertise in Kidnap and Ransom and Personal Accident to tailor their cover to suit individual needs.

www.hiscox.com

•Date: 18th October 2007• Region:World •Type: Article •Topic: BC general
Rate this article or make a comment - click here