Nuts & Bolts: ACE USA’s Global Terrorism Unit has a new policy to protect businesses from losses caused by the need to evacuate their premises due to a threatened terrorist attack. It protects companies from loss of business income and mandatory evacuation expenses, even if no physical damage is sustained. It also helps safeguard companies that may not be the target of the attack but are included in a mandatory evacuation because of their location. Covers loss of business income and evacuation expenses from a terrorism threat, whether certified or non-certified under the TRIA Act of 2002. Marketed through retail and wholesale insurance brokers. Wholesale distribution coordinated through ACE Westchester Specialty Group.
Dollars: Policy limit is $25 million and there is no minimum premium.
Carrier: Illinois Union, rated “A” by A.M. Best, nonadmitted.
States Available: All.
Contact: Bill Wise, (215) 640-5242 or william.wise2@ace-ina.com
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