Allianz Global Corporate & Specialty (AGCS) is now providing bespoke coverage designed to protect U.S. businesses faced with loss related to terrorism and political violence both at home and overseas. Given the recent tragic events in Europe and Virginia, the…
Brokers should advise commercial clients that commercial property and liability insurance generally exclude losses arising from terrorism. Although special stand-alone coverage is available, the bigger challenge going forward may be the client mindset toward terrorism insurance cover and an apparent lack of concern over potential related risks.