Terrorism Insurance Program
Description
Program Brokerage Corporation (PBC) offers a Terrorism product for all classes of business nationwide. The policy is written for stand-alone acts of Terrorism certified or uncertified with no required claim amount.
NEW COVER: Civil Commotion, Malicious Damage, Riot and Strike.
Why our program might be better suited to your clients than TRIA:
- Since 9/11, an event on U.S. soil has never been certified as an act of Terrorism and therefore TRIA remains untested for its loss payment.
- TRIA sets a high bar for claims to be made with large financial policy triggers, deductibles that have increased year over year since 2016 and Federal certification.
- TRIA is a back-stop solution for the insurance industry, while our policy is tailored to your clients’ individual needs.
Coverage Highlights:
- Limits available up to $250M for Property Damage and Business Interruption
- No maximum on total insurable values or number of locations
- Active Assailant sublimit of $500,000 subject to scheduled values
- Additional limits available on referral basis
- Sabotage coverage included
- Threat and Hoax sublimit of $100,000
- Denial of Access available up to a 5-mile radius
- Zero deductible available
- 24-month policies available
- Claims-Made Terrorism Liability Coverage sublimit available, up to full policy limits
- Defense included within limit, Active Assailant Events excluded
Required Documents:
- ACORD125
- Schedule of Values
- 5 Years Loss History
Underwritten by AM Best Company rated “A” XV (excellent)
For more information, please contact:
Gary Shapiro
Office: 516-496-1346
Email: gshapiro@programbrokerage.com
Tom Henderson
Office: 212-338-2946
Email: thenderson@programbrokerage.com
Nicholas Biondo
Office: 516-496-1349
Email: nbiondo@programbrokerage.com
Stefanie Silvio
Office: 401-468-3449
Email: ssilvio@programbrokerage.com
Availability
Applications and Informational PDFs
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