Responding to the blurring of the lines separating events of war, terrorism and political violence, specialist insurer Hiscox has launched a combined insurance policy to protect companies against the individual or combined effects of all three.
The new cover is especially suitable for large international organisations typically operating in emerging markets, where their business may be more vulnerable to such conflicts. It covers:
- an act of terrorism and/or sabotage
- malicious damage resulting directly from an act of terrorism
- riots, strikes, civil commotion
- invasion, acts of foreign enemies, hostilities (whether war is declared or not), civil war, rebellion, revolution, coup d’etat, insurrection or mutiny
- war.
The war, terrorism and political violence cover will also allow policyholders to take advantage of services offered by business risk consultancy Control Risks.
