Terrorism Cover

Terrorism isn’t new but it is happening more frequently

Only relatively recently in London, Florida and Paris Nightclubs & Bars were targeted or affected considerably as a result of terrorist’s actions. The audacity and geographical reach of terrorist attacks has noticeably increased in recent years.

With these recent attacks it is understandable that venue operators, risk managers and insurers are concerned with mitigating the risks posed by increasingly prevalent, damaging and random terrorist attacks

Terrorism Cover

Terrorism isn’t new but it is happening more frequently

Only relatively recently in London, Florida and Paris Nightclubs & Bars were targeted or affected considerably as a result of terrorist’s actions. The audacity and geographical reach of terrorist attacks has noticeably increased in recent years.

With these recent attacks it is understandable that venue operators, risk managers and insurers are concerned with mitigating the risks posed by increasingly prevalent, damaging and random terrorist attacks

Typically, losses, costs, damages and expenses from terrorism are excluded from standard commercial policies. It is a separate add on either as an extension or by being purchased as a stand-alone policy. By adding terrorism cover to your policies, you can protect your business from this increasing risk.

NDML can arrange terrorism coverage, offering:

Asset protection for businesses of all sizes

Protection From

• Attacks resulting from Terrorism & Sabotage
• Riots, Strikes, Civil Commotion, Malicious Damage
• Nuclear, Chemical, Biological and Radiological coverage

Coverage

• Material damage to insured assets
• Subsequent Business Interruption following a physical damage trigger

Terrorism Liability

• Covers financial costs to a company against claims for damages by third parties or employees who are injured in a terrorist attack
• Extends to third party property damage

Non-physical damage denial

In light of these recent events (both very recent and those dating back a few years), adequate terrorism insurance must be high on the agenda for venues. It’s especially relevant if you run a large venue in a major city.

Currently, the UK security system deems the threat of an imminent terrorist attack to be highly likely. Because of this, you’ll probably often consider what would happen if an attack took place at your venue.

But you’re less likely to think about the outcome of an attack not on your venue, but very nearby. We’ve seen in New Zealand, America, France and here in the UK, that when an attack happens, police close down entire blocks of the city. If your venue is within that block, you can’t trade until that stage of the investigation has come to a close. This is when non-physical damage denial of access terrorism cover becomes important. At NDML, we have access to terrorism policies where that form of cover comes as standard and at no extra cost. We’d be more than happy to discuss your terrorism policy with you. Simply get in touch using the button below.

Terrorism Risk Management

We’ve seen with recent attacks in Florida and Paris that nightclubs and bars are under threat of terrorist attacks. It’s therefore vital that you put the right risk management procedures in place.

If you’re a high profile or large venue in a city location, chances are that you’re most at risk. Therefore it’s important that you increase preventative measures such as bag searches and CCTV monitoring.

However, we also know from recent research that many terrorist attacks, including the Manchester Arena bombing in 2017, could have been prevented.

It’s rare that the attack occurs on the terrorist’s first visit to a venue. We’ve seen CCTV evidence from previous incidents where they terrorist visits the venue two of three times in the days running up to the attack. They scope out the venue to work out security policies and find out where the frailties lie.

So one of the best ways of preventing an attack is to ask security and door staff to not just monitor the people coming into the venue, but anyone in the surrounding areas acting suspiciously.

You should also avoid regimented times for shift changes and security checks so the attacker can’t pick up on patterns.

Frequently Asked Questions

There’s a couple of ways to report a claim to NDML; you can either call us during office hours (9-5) or you can fill in a claims form on our claims page. If it’s out of office hours and you’d like to speak to someone, you can call the insurer’s claims team you’ll find their number on our claims page.

You wouldn’t hire a bar manager who only had experience of running shoe shops. So why work with a broker who doesn’t live and breathe late-night leisure. Our competitors have ‘nightclub products’ or ‘late bar arms of the business’; just side-lines to their main operation. Night-time leisure is what we do.

Unrated and offshore investors are brilliant. They really are. They’re cheap and tend to not ask so many questions.

Or, at least, they’re brilliant until they have to actually protect you. Because often, as we’ve found with the collapse of insurers like Gable in recent years, they’re not financially secure enough to actually pay claims. And those questions they didn’t ask tend to leave you uninsured.

We only work with A-rated insurers because they offer the protection, security and strength that your venue needs.

Contact NDML for Terrorism Coverage insurance quotes

If you want any more information on how this type of insurance can safeguard the future of your venue, contact us today.