Terrorism Insurance

Clear Policy Definitions, Global Coverage, and Expert Support for Terrorism Risk

Coverage is determined solely by clearly defined terrorism policy wording and applies worldwide above applicable deductibles, with flexible portfolio or location-specific options—backed by expert underwriting and a strategic partnership with Control Risks for security, crisis, and incident response

Coverage Highlights

  • Up to $125 million per policy
  • LMA 3030 (globally recognized terrorism wording)
  • Up to 3 years
  • Non-admitted, stand-alone terrorism & sabotage coverages
  • Underwritten by certain carriers at Llyod’s, Hiscox Syndicate 33
  • Policy-based definition of terrorism (no federal certification required)

Appetite

We provide flexible solutions for:
  • Single location or full portfolios
  • Builders risk projects
  • Hospitality, retail, office, residential, industrial, and warehousing properties

Trigger to Payout: Stand Alone Vs TRIPRA Explained

Category Stand-Alone Terrorism Policy TRIA/TRIPRA-Based Coverage
Defined in policy wording, includes political/religious/ideological motives Requires certification by 3 U.S. officials and they must all agree in their verdict that an event is an act of terrorism.
Once a loss meets the definition of coverage, it will be covered excess of any policy deductible(s). Only covered if event certified and exceeds $5M losses
Policy Provisions Insure full portfolio or select properties Event must be certified + $100M aggregate to trigger backstop
No government certification required
Pricing Based on risk profile and industry Calculated as % of all-risk premium
Claims Handling Hiscox has 30+ years of global terrorism coverage experience. Coverage only applies if the event is certified as terrorism by the U.S. government.
Over 25 years of terrorism claims handling with proven, reliable support during crises. There is no legal recourse if the certification is denied, even if the loss is severe.
Claims are triggered by the policy definition. No government approval is needed. Certification must go through three federal departments, causing delays.
A dedicated claims team works directly with the insured to resolve efficiently. Payouts may be significantly delayed while awaiting government decisions.

S U B M I T    A    R I S K

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