Frequently Asked Questions

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    Terrorism risk insurance covers damage and destruction to your business property, including buildings, equipment, furnishings and inventory, due to certified acts of terrorism. Business interruption costs or liability claims against the business may also be covered. An act of terrorism is considered certified upon the formal designation by the U.S. Department of Treasury.

    Typically, no. Most cyber attacks do not cause property damage or personal injuries. Therefore, these types of acts do not tend to be certified as terrorism events. If you are concerned about cyber attacks, consider a cyber liability policy for your protection. Click here to learn more about cyber insurance and data breach insurance.

    Two big factors to consider are your business’ location and the industry your business supports. If your business is in a rural or residential area, your risk is lower than if you are operating your business in the middle of a major city’s downtown or at an airport. Next, think about the type of business you run. If you are engaged in the energy sector or public transportation, your risk is significantly higher than if your business was focused on interior design.

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