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Gord Kerr

(416) 309-8151

Standalone Terrorism Insurance (Canada)

Arch Insurance (Canada) offers Standalone Terrorism coverage for Property and Builders' Risk placements. Subject to its terms and conditions, this product provides worldwide coverage for physical damage to an insured's assets due to an "Act of Terrorism" and not otherwise covered under an "All Risk" property policy or through a government sponsored insurance program for terrorism. Arch's underwriters have the expertise and resources to properly evaluate risks of any type or location around the world and provide responsive service.

CUSTOMER PROFILE

All industry classes will be considered including Manufacturing, Industrial, Oil & Petrochemical, Power Generation and Utilities, Retail, Real Estate, Financial Institutions, Transportation, Municipalities, etc. Clients who would benefit from standalone coverage include:

  • Canadian corporations which require terrorism coverage for both their Canadian and foreign assets
  • Foreign assets of Canadian companies only
  • Foreign companies who need or wish to purchase terrorism coverage for their Canadian assets

KEY FEATURES

  • Standard worldwide London form or equivalent
  • Associated Business Interruption or Delay in Start-Up coverage available
  • Coverage can be provided directly to insured or as reinsurance for a captive

CAPACITY

  • Up to $30M (US)
  • Can be used as a Primary, Quota Share, or Excess Line
  • Subject to Arch‘s corporate aggregation limitations

DISTRIBUTION

Select retail and wholesale producers.