It is no secret that we live in unpredictable times, threats presented by acts of terrorism and sabotage are no longer localised to big cities or high-risk buildings. It is important for those operating in the property market to be mindful of the potential risks they face when it comes to acts of terrorism or sabotage.

These acts can disrupt operations, damage assets, and threaten the continuity of your projects.

Therefore, we have developed a specialist Terrorism and Sabotage product, specifically aimed at the property market. We have partnered with ‘A’ rated security and distribute as such on a strictly invitational basis. This allows us to offer market-leading coverage which protects against both physical damage and non-physical business interruption.

The Evolution of Terrorism and Sabotage Risk

Terrorism no longer just implies bombings and physical destruction. We must now be conscious of more nuanced interruptions, ones which can impact business efficiency as well as loss of attraction and loss of income.

Modern terrorism and sabotage can come in a variety of different forms.

Denial of access

In this instance access to your site is prohibited and causes interruption to the business operations. 

Usually, this is due to an authority (like the police) shutting down a building, location or area after or during an act of terrorism.

This ‘denial of access’ can obviously have a real effect on the business financially but also in terms of operational procedure. 

Loss of Attraction

Loss of attraction refers to a decline in interest in a business due to an act of terrorism or sabotage. 

In some cases, this could be because the events which happened on the site have caused such devastation that people no longer want to use the service or visit the establishment. 

Non-Damage Business Interruption

Businesses can experience interruption for a number of different reasons. 

This can be due to physical damages (such as from threats of fire or flood for example) but also from non-physical threats. 

This type of protection covers financial losses to the business where there has not been any physical damage. 

Reputational Harm

The reputation of a business is one of its most valuable assets, influencing trust, customer loyalty, and long-term success. 

Word of mouth is both easily accessible and freely given in this modern digital world. 

Reputational harm coverage includes potential loss of income due to negative reporting, both in terms of media coverage and after a significant event.

Active Assailant Incidents

Active assailant incidents are understandably a serious risk to the public and business operations. 

These attacks can have varying reasoning behind them, making it unpredictable as to when they may occur. Our active assailant incident coverage is varied and bespoke to the needs of the business at risk of this type of event. 

CBRN Threats

CBRN refers to threats that come from Chemical, Biological, and Nuclear acts of terror or sabotage. 

This type of attack is seen as a growing concern worldwide and something that businesses should be mindful of when choosing their cover.

Our bespoke product has been designed to provide comprehensive and forward-thinking protection to events which warrant the need for imminent action based on the above situations.

Our Appetite

We have specifically aimed to keep our appetite both broad and comprehensive to the needs of those businesses in a position to need Terrorism and Sabotage coverage. 

Our Terrorism and Sabotage Appetite Covers:

• Property portfolios
• HMOs
• Commercial and Residential Property risks
• Retail
• Leisure, Entertainment and Hospitality industries
• Construction risks

Capacity Offered:

• GBP 300,000,000 (UK)
• USD 250,000,000 (USA)
• AUD 95,000,000 (Australia)
• Rest of World – Please enquire

Why Choose 538 Underwriting?

Backed by a passionate and experienced team, our Head of Terrorism brings years of specialist experience in this field. Not only do we work closely with you to design a bespoke product which truly fits the needs of your project, but we are also committed to working closely with brokers and clients to ensure you are fully equipped with the knowledge you need to make the right decision for your business needs.

We offer flexibility and responsive support when you need it most.

Whether you manage a diverse property portfolio or are developing a large-scale residential or commercial site, 538 Underwriters can help ensure your project is protected from the unthinkable.

So you can focus on the project at hand and leave the terrorism and sabotage cover to us.

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