The provision for terrorism non-damage business interruption (NDBI) is a welcome and reassuring solution for the insurance industry and its customers.
At Allianz, through brokers, we are offering our customers the choice of purchasing damage cover and also non-damage cover (the cause of which is an act of terrorism) separately.
The new terrorism non-damage BI cover available is designed to reduce a gap in insurance and it is important to consider the differences between damage and non-damage BI when purchasing either or both.
The future threat of terrorism is difficult to predict, but your clients need to work with you to ascertain the best levels of cover for their potential needs.
