CHES Special Risk has launched a new range of products to address active shooter and terrorism risks.

The company’s active assailant insurance package protects against losses businesses and their owners could sustain following an active shooter event. The package’s coverage includes:

• Medical expenses and counselling costs for third parties and employees
• Crisis management service
  • Pre- and post-loss advice and support from crisis management experts
• Employee retraining and/or recruitment costs
• Time element losses
• First party property damage

CHES’s terrorism insurance package addresses risks more in line with terrorist activity – this notably includes cyberterrorism. This product’s coverage includes:

• First party property damage and resultant business interruption
  • Including as a result of a cyber terrorist attack
• Third party property damage and bodily injury
• Event cancellation
  • Including as a result of a terrorism threat
• Long period construction policies

While CHES’s terrorism package deals with losses sustained directly after a terror incident, the “threat of terrorism” package looks to mitigate the damages caused by the mere threat of a terror act – even if no property damage has occurred. There is no property damage trigger required for this insurance to take effect. Coverage of the product includes:

• Business interruption as a result of the threat of terrorism
  • Threat can be reported within a 500 metre radius of an insured location
  • Threat must be confirmed by a military or civil authority

In addition to the three packages, CHES has also launched a loss of attraction cover – a standalone product for large clients such as stadiums, and shopping malls – where a threat of an incident forces an event venue to close for investigations, which could lead to loss of revenue for businesses.

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