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Post 9/11, life insurers have imposed limits as low as £35m to restrict their exposure to multiple person deaths from one event. If your company employs more than 250 people in one area, and suffers a major loss of life from a catastrophe such as a fire or terrorist attack, this could leave you exposed to a significant uninsured loss.
At JLT, we can help you solve this problem by accessing our facility with one of the world's largest insurance groups.
Set up to specifically address the insurance gap, it benefits from a specific wording that offers wider coverage than is generally available in the market. With this cover, companies facing event limit restrictions are provided with up to £150m of excess insurance. If you need a higher limit, we can arrange substantial additional cover.
Specifically, our Group Life Catastrophe insurance protects against a wide range of perils such as a fire or natural disaster. What's more, it also provides coverage for terrorism including attacks that involve nuclear, chemical and biological agents.
Jeremy MonroePartner |
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