Ensurance adds terrorism and sabotage cover
Ensurance is introducing a terrorism and sabotage insurance line, which it expects will attract strong demand from current and new customers.
The offering, now available to UK customers, will launch later in the US, followed by Australia.
“There is a growing demand for terrorism and sabotage cover from the construction industry,” Ensurance UK CEO Tim James said. “However, government-backed pools don’t always provide the necessary extensions of cover.
“We’ve responded to this by developing a product that is competitively priced.”
The range of policy extensions includes non-damage business interruption, denial of access, loss of attraction and active shooter.
The cover is designed to protect businesses from harm to buildings, profits, employees and customers resulting from terrorism or sabotage.
Two established specialist underwriters have been appointed to the UK business, to spearhead Ensurance’s push beyond construction and engineering cover.