Terrorism risk insurance, whether through traditional or stand-alone policies, is an increasingly important element of domestic corporate insurance programs, according to a new RIMS Professional Report titled, Terrorism Insurance: Understanding the Boundaries of Coverage for a Risk Without Borders.
Authored for RIMS by Micah Skidmore of Haynes and Boone, LLP, the report provides corporate risk managers, insurance brokers and coverage counsel with guidance on determining if terrorism risk insurance coverage is necessary and identifying terrorism risk solutions that exist in the market. The report also offers insight on negotiating for terrorism coverage.
“While concern over terrorism risk is palpable, information and understanding of terrorism risk insurance is not as well known,” said Mr. Skidmore. “With terrorism risk being an unfortunate reality, corporate risk managers and counsel can take proactive measures to contain a risk that otherwise knows no bounds.”
Terrorism Insurance: Understanding the Boundaries of Coverage for a Risk Without Borders report is available to RIMS Members only for the first 60-days. After the introductory period, it will become available to the broader risk management community. To download the report, visit RIMS Risk Knowledge library at www.RIMS.org/RiskKnowledge. For more information about the Society and to learn about other RIMS educational opportunities, conferences and resources, visit www.RIMS.org.