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.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
