Customized solution for terrorism-related liabilities
Growing reports of terrorism attacks worldwide has taught us to be aware of these issues and be continuously vigilant. As a result, businesses should consider how the threat of a terrorist attack would affect their operations and assets.
With no control over the timing, severity and location of such events, a risk mitigation strategy of safeguarding against the risk by taking out appropriate insurance on the property and lost income as a result, could mean the difference between minimizing losses and irreparable damage to the organization.
We offer market-leading terrorism insurance solutions to protect businesses from devastating losses to physical assets resulting from acts of terrorism. Coverage can be customized to meet the distinct needs of the clients.
We can assist them to mitigate exposures. We help clients tangibly evaluate the cost-benefits of potential risk and make well-informed decisions in deploying resources.
Quick payments that could help them continue their operations. As a result, we can bring the right resources to our clients quickly and efficiently when a loss occurs.
Our insurance against Acts of Terrorism was specifically designed to cover the following risks:
Sabotage- deliberate subversion to cause harm or destruction of property
Terrorism - the unlawful use of violence against persons or property including policy objectives
The following companies/institutions/venues can benefit this policy’s coverage:
This policy insures buildings and their contents against physical loss or damage by any Acts of Terrorism. It can also be extended to cover losses caused by business interruption.
When you buy insurance from AIG, you can have confidence that we stand ready to help you recover quickly when the unexpected happens. The claims operation that underpins every AIG policy is one of our greatest strengths, with a strong local claims team backed by our global network of expertise to support you when you face a loss.
For claims associated with Property Terrorism, please reach out to your insurance broker to assist you. You may also contact us at:
Phone: +63 2 878 5455
Click below to learn about the necessary documents needed in order to submit a claim.
The Insured must:
Documents to be submitted:
How are claims settled?