Update 2024 – See Romero Insurance’s new Terrorism Insurance Whitepaper
Terrorism Risk Management will be determined by Martyn’s Law – See our news about Protect Duty updates
How Pubs, Bars and Nightclubs can protect against Terrorism
- Discuss current known procedures with neighbouring businesses
- Create and action plan, working together with the council and businesses
- Install practical protective measures
- Update CCTV and surveillance
- Increase security personnel
- First Aid kits, defibrillators, and fire protection equipment
Terrorism is an evolving threat. This means risks are dynamic and unpredictable. Some past examples are gun attacks, bombs, bomb threats, knife crime, vehicle rampage as well as chemical and biological attacks. Cyber terrorism and drones are also a possible source. Each can cause significant harm and disruption.
Each business needs to have its own action plan of what to do in the event of a terror attack. This can be coordinated with neighbouring businesses and the council. Install legal bollards and spikes at your premises if you believe this could prevent an attack. CCTV is essential and can help proactively and reactively counter attacks.
The effect of terrorism on bar, pubs and nightclubs
Hosting an event will big a great source of revenue for your business, however marketing the event also puts you in the firing line of those who want to make negative headlines. A direct attack or terror event on your venue will cause obvious business disruption, reputational harm and distress. Yet, your hospitality venue doesn’t necessarily have to be the target of an attack to suffer the consequences of terrorism. Incidents are no longer contained to major cities, and threats have appeared across the country to even small towns.
If streets are closed, or the public are advised to avoid affected locations, that could mean your staff, suppliers or customers can’t get to you. And if they can’t get to you, that means you’re not trading. Terror may also put people off gathering for future events, a key example being the Borough Market attacks of 2017. With the investigations shutting down the area, physically intact organisations couldn’t trade.
Businesses should procure terror insurance to ensure they don’t incur costs.
Why do businesses need terror insurance?
Terrorism insurance goes that extra step, providing protection at all times. It is an extension to your existing policy which covers your business should the worse happen.
Terror insurance policies for hospitality businesses includes:
- Suppliers & Customers – If there is damage to your suppliers or customers premises, you’ll be protected against any interruption this causes to your business.
- Public Utilities – This will protect you against any interruption caused as a result of damage to a gas, water, electricity or telecoms provider.
- Denial of Access – When there has been damage in the vicinity of your premises that prevents access, this will protect the interruption, usually within a 1 mile radius.
- Specified or notifiable diseases – If the area around your business is affected by certain diseases, you’ll be protected (such as a terrorist deploying a disease or pathogen).
- Loss of attraction – Designed to protect your against interruption due to reduced footfall, attractiveness or custom due to damage within the vicinity of your business.
To receive a quote or advice on better protection against terrorism, talk to NDML. We will be able to review your current cover, explain how enhancements could benefit you, and also explain how we may be able to provide you a better policy for a similar premium.
With NDML you receive an array of perks; an inhouse claims team, a dedicated account handler, risk management services and a great support system. Make sure you are protected against terrorism by talking to our team.
