Specialist lines underwriting agency, CFC announces that it has launched an innovative standalone terrorism policy, available across the US.
Underwriting Director, Andrew Holmes, comments: “We now live in a world where the risk of a terrorist attack is a reality for every business. Despite this very real threat, most property insurance policies still exclude cover for terrorist attacks. In addition, the cover provided by the US Government backed TRIPRA program is limited and prohibitively expensive for many businesses”.
“CFC has identified a gap in the market for a comprehensive terrorism and sabotage product that is underwritten according to the true exposure rather than simply rated as a percentage of the property premium. In this way we can provide broad cover at an affordable price and our innovative systems mean that quotes and policy documents can be issued within 24 hours.”
Underwritten 100% by Lloyd’s of London, CFC’s stand-alone T&S policy provides broad cover for property damage, loss of income and business interruption directly as a result of sabotage or terrorism. With premiums starting from as little as $100, CFC’s T&S policy provides maximum total insurance limits of up to $100 million for properties with total insured values up to $2bn, covering single or multiple locations.
