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Dedicated team with global knowledge and capability
A dedicated and experienced team that create customised solutions for multinational corporations, financial institutions and privately financed projects on a global basis, particularly companies with emerging market investment. We work in conjunction with different Terrorism pools around the world dovetailing cover with these arrangements or providing separate, more competitive facilities.
These solutions encompass Terrorism Property Damage and Business Interruption and Terrorism Liability, as well as broader Political Risk and Political Violence. This is possible as the Terrorism Team is part of our market leading Credit and Political Risk Business Unit. This unique team structure enables us to draw from a broad and extensive base of knowledge and markets, allowing us to create innovative and competitive solutions for our clients.
Customised solutions
We work hard to understand your risk issues and then tailor the policy coverage - amending, enhancing and broadening standard policy forms. Every client has specific needs and our policies and personal style of service reflect this. As part of the risk profile development and service delivery we are are used to working with and co-ordinating a variety of different stakeholders: from banks and other lenders though to sponsors, in-house and external Legal Counsels and development banks.
Typical insurance solutions include:
Property Damage – covering direct loss or damage to property caused through an Act of Terrorism (AOT) or by Sabotage, Malicious Damage, Strikes Rioting or Civil Commotion
Business Interruption – loss of profits, gross earnings, debt servicing repayments to lenders or ensuring that you have cover for the cost to your income / revenue stream should your business need to shut down for any given period of time.
Delay In Start Up (DSU) – we can create tailor made coverages to support lending for infrastructure and energy projects. Should you suffer a loss from an AOT and your project fails to bring power supplies online as required by the contract, this may result in the application of penalties and/or loss of revenue which in turn will affect not only the company, but also the lenders offering the financial backing to the project. We can create custom built DSU cover for both the principal and banks that lend money for the project.
Liability Cover – policies to fill the gap that is created by the restrictions that some insurers are placing on standard liability policies following a loss caused by an AOT. We can cover both Employee and Public Liability as well as offering policy extensions to cover the cost of pollution and contamination clear up costs that may arise following an attack.
Nuclear, Chemical, Radiological and Biological Cover – historically coverage for these perils have not been available on a standalone basis from the private market as these were all standard exclusions from Terrorism policies. Jardine Lloyd Thompson Limited have identified markets willing to cover these perils, so are able to source cover for nuclear explosions as well as chemical, biological and radiological releases.
