Hiscox R5®
Terrorism

Terrorism

What is Hiscox R5? 

Tailor made coverage for man-made disasters. 

Watch our video to learn more about Hiscox R5.

Appetite
Coverage & Benefits
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Appetite
  • US domiciled organizations of all sizes for their domestic and international exposures
  • Fortune 500 firms
  • Small private businesses and institutions
Coverage & Benefits

Active Shooter and Malicious Attack 

  • Property damage. 
  • Business interruption - up to 180 days plus an additional 90 days for extended period of indemnity. 
  • Crisis management, including: $250,000 for additional security; $250,000 for counseling; $250,000 for public relations. 
  • Loss of attraction income loss if shooting event occurs within one mile of insured’s location.
  • 3rd party liability

(NCBR) Nuclear, Chemical, Biological, Radiological Terrorism Insurance

  • No policy zone restrictions on the origin of the attacks.
  • No requirement to prove the origin of the attack.
  • Policy will respond if a civil, military, or government authority prevents the insured from conducting business or requires a location to be decontaminated/cleaned up.
  • Comprehensive coverage including: BI/loss of net income; extra expense; blast damage sustained from detonation of a NCBR weapon; decontamination and clean-up costs; demolition and debris removal costs.
  • Limit: up to $25M available.

    Terrorism Liability Insurance 

    • Trigger of coverage is an act of terrorism.
    • Policy responds to an event regardless of TRIPRA certification.
    • Third-party Property Damage and Bodily Injury.
    • Employers Liability — international and domestic on an excess basis.
    • Lenders’ interests.
    • Nuclear, Chemical, Biological, Radiological Liability.
    • Willing to consider $0 deductible.
    • Claims made and reported basis of coverage.
    • Limits: $50M liability coverage.

      Terrorism and Sabotage Insurance 

      • Trigger of coverage is an act of terrorism. 
      • Property Damage and Business Interruption coverage, including extra expense costs and loss of rental income. 
      • Terrorism General Liability and/or Terrorism Employers’ Liability. 
      • Riots, strikes and civil commotion coverage. 
      • War and political violence. 
      • Terrorism lenders’ interest. 
      • Full building values or coverage on a first loss basis. 
      • Competitive pricing based on individual risk factors associated with our client. 
      • Limits:$250M per building; $50M in liability coverage; willing to consider $0 deductible. 

      Threat of a Malicious Act Insurance

      • Indemnity against lost revenue for length of time the business is interrupted (up to a maximum often days).
      • Coverage provisions: One or more of your premises are evacuated; Staff or the public are prevented from leaving your premises; access to your premises is prevented by order of a civil or military authority associated with our client. 
      • Limits: Up to $5M per occurrence and $20M in the annual aggregate.
      • Fees and expenses of Control Risks sub-limited to $50,000 and included within the policy limit.
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      Up to $250,000,000

      Related products

      Add stand-alone Terrorism coverage to Entertainment Production

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      Claims scenarios 

      Not sure what risks our product covers? We’ve brought some scenarios to life.

      Active Shooter & Malicious Attack Coverage

      A shooter opens fire at a mall. No property damage occurs. Customers flee the building in panic. Stores are closed while authorities investigate  the incident. Authorities spend two straight weeks at the mall reviewing surveillance tapes and collecting crime scene evidence. When the mall reopens after two weeks, foot traffic is down, and the mall has a hard time enticing new tenants to lease space.

      Active Shooter & Malicious Attack Coverage

      A shooter opens fire at a mall. No property damage occurs. Customers flee the building in panic. Stores are closed while authorities investigate  the incident. Authorities spend two straight weeks at the mall reviewing surveillance tapes and collecting crime scene evidence. When the mall reopens after two weeks, foot traffic is down, and the mall has a hard time enticing new tenants to lease space.

      Terrorism and Sabotage Insurance

      Bomb goes off inside Insured's building. Authorities deem the suspect who planted the bomb to be acting out radical religious beliefs. Property is damaged and requires repair. Insured cannot conduct their normal business operation and loses income.

      Terrorism and Sabotage Insurance

      Bomb goes off inside Insured's building. Authorities deem the suspect who planted the bomb to be acting out radical religious beliefs. Property is damaged and requires repair. Insured cannot conduct their normal business operation and loses income.

      Terrorism Liability Insurance

      A bomb detonates on the insured’s premises.  Authorities deem the alleged bomber to be acting out of radical religious motivation. The insured is subletting half of their space to a neighboring tenant and this tenant incurs property damage arising from the bombing. The insured is sued by the tenant for damages. The court finds the insured liable for the damage citing that they failed to provide adequate security to the buildings.

      Terrorism Liability Insurance

      A bomb detonates on the insured’s premises.  Authorities deem the alleged bomber to be acting out of radical religious motivation. The insured is subletting half of their space to a neighboring tenant and this tenant incurs property damage arising from the bombing. The insured is sued by the tenant for damages. The court finds the insured liable for the damage citing that they failed to provide adequate security to the buildings.

      NCBR

      An assailant disburses chlorine gas on the subway. Riders become ill and subway cars must be thoroughly cleaned. The damaged property must be disposed of appropriately. The MTA cancels service and loses revenue from decline in fares.

      NCBR

      An assailant disburses chlorine gas on the subway. Riders become ill and subway cars must be thoroughly cleaned. The damaged property must be disposed of appropriately. The MTA cancels service and loses revenue from decline in fares.

      Threat of a Malicious Act Insurance

      A hotel is threatened with a bomb allegedly hidden in the basement. Authorities arrive and evacuate the space. The hotel shuts down for 24 hours losing restaurant sales and guests are reimbursed for their room fee for the night.

      Threat of a Malicious Act Insurance

      A hotel is threatened with a bomb allegedly hidden in the basement. Authorities arrive and evacuate the space. The hotel shuts down for 24 hours losing restaurant sales and guests are reimbursed for their room fee for the night.

      Risk management

      We partner with leading risk management services to ensure our clients have support and guidance, in addition to exceptional coverage.

      Control Risks

      Hiscox exclusively retains the response services of Control Risks, an independent specialist risk consultancy, who are able to immediately deploy resources to a crisis anywhere in the world.

      Learn more about Control Risks.

      News and insights

      We have a team of experts across the industry. Read their latest advice, find useful thought leadership, and discover industry news.

      Visit the Hiscox Blog

      Last updated: Sun, 10/22/2017 - 13:43

      Hiscox R5 video

      Find out what Hiscox R5 covers and why your client needs it.

      Watch Video

      Terrorism Insurance vs. TRIPRA

      TRIPRA is lacking in coverage for most businesses. Find out about the value of a standalone Terrorism product.

      View Brochure