BIBA and Lloyd's broker Miller have launched a cover policy against terrorism. The policy will be aimed at SMEs.
The new policy will offer up to £5m public liability cover.
The law already requires a compulsory cover of £5m for employer liabilitysaid BIBA, but the new scheme offers a further £5m in excess cover, increasing the total employer liability terrorism cover to £10m.
Peter Staddon, technical director at BIBA said: "This new cover is for SME's and businesses below the FTSE 100, or even organisations that might be arranging festivals or events. Without cover, these events are potentially a big liability."
Lloyd's underwriters MAP will underwrite the new policy, with a £325m capacity.
The cover can be obtained through BIBA brokers only, via Miller.
