Ironshore International Launches Terrorist Coverage for High-Profile Events

May 29, 2013

Ironshore International has launched an insurance product that responds to the heightened risk exposure associated with high-profile events. The new product, “SecurEvent,” is a single broad form policy that offers a suite of coverage protection, including broad form contingency, general liability, accidental death & dismemberment insurance, as well as pre- and post- event crisis management coverage via Ironshore’s CrisisThreeSixty policy enhancement.

Ironshore’s SecurEvent policy can be tailored to meet specific sponsor organizational risk requirements for single day events, as well as events held over an extended time period. Ironshore will underwrite the coverage through its Lloyd’s Pembroke Syndicate 4000, based in London.

Ironshore International is introducing the SecurEvent policy in response to recent events that revealed potential gaps in insurance coverage in the aftermath of a terrorist attack. Ironshore’s SecurEvent policy is customized to meet potential risk exposure surrounding high profile events, thereby assuring event organizers, sponsors, stadium owners/operators, as well as hosting locales, of comprehensive protection against violent attacks. Coverage responds to losses arising from terrorist acts without the requirement of receiving formal recognition that the event occurrence has been defined as such within the meaning of TRIPRA.

Ironshore’s SecurEvent suite of coverages provides broad form contingency insurance to address cancellation, curtailment or abandonment of the event, including Terrorist Acts, as well as general liability insurance resulting from bodily injury as a result of a Terrorist Act. Accidental death & dismemberment insurance offers coverage for harmed individuals on a fixed benefit injury basis. Ironshore’s SecurEvent policy also can include provisions for pre- and post- event crisis advisory services.

Topics Catastrophe Natural Disasters New Markets

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