Chesterfield re-defines terror cover to include businesses, institutions

Chesterfield Canada launched its sabotage and terrorism product to the Canadian market.
The product expands the scope of the terrorism peril, which is traditionally defined as an act of a foreign government or organization.
Under Chesterfield’s product, the peril would also include the act of domestic individuals or groups with a grudge against a business or institution.
There have been a number of high-profile incidents of property damage around the world in which terrorism insurance has provided inadequate coverage, said Gary Hirst, Chesterfield Canada’s director of marketing. “In the hour of need, when you expect your insurance policy to respond and it doesn’t, we want to offer clarity in the coverage our clients buy from us.”