Terrorism Insurance

Terrorism Insurance

AIG Terrorism insurance provides comprehensive insurance for costs incurred as a result of a terrorist act.

We define a terrorist act as an act that is assumed to have been carried out by political, religious, ideological or similar purposes with the intention to cause extensive damage to or general fear among companies or organizations.

Growing awareness

Growing reports of violent attacks in particular regions has aroused concerns in the wider world to this threat. While in general Swedish companies have not been considered direct targets, businesses should consider the risk to their operations from collateral damage from an event. 

Risk mitigation

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 minimising losses and irreparable damage to the organisation. 

What is covered

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

Who is it for

Sectors that might consider they have a higher exposure to this type of event include:

  • Tourism and Leisure (Hotels, Resorts, Stadiums, Amusement Parks, ...).
  • Communications and Transport (Telephone, Airports, Metro, Railways, ...).
  • Government and Embassies.
  • Public Supplies (Electricity, Water, Gas, ...).
  • Large, central public buildings.

Please contact Property Underwriting for more information:

Phone number 08-506 920 00 
E-mail info.sweden@aig.com