Commercial Express

The Value Added MGA

Product Launch: Terrorism Add On, minimum premium now only £25

DATE: 24/04/2019


We are delighted to announce the launch of the new Terrorism Add On product.

The scheme is underwritten by Lloyd’s Syndicate, Atrium, and will begin from immediate effect. It replaces the previous Terrorism Add On facility that was available.

The new structure benefits from several improvements:

  • The Terrorism Add On facility is available to add on to all Property Owners and SME schemes. This also now includes Industrial Property Owners and Residential Let, underwritten by Channel.

 

  • The scheme is now more competitively priced. The previous terrorism cover had a minimum premium of £100 has been reduced to only £25.

 

  • The rating has been reduced by up to 50% in Zones C & D and 30% Zone B.

 

  • Policy coverage has altered. Wider terrorism and sabotage definitions now includes right wing extremism, animal rights/eco-activism and unaffiliated “lone wolves.” These aspects are covered compared to the previous Pool Re policy coverage.

 

The commission for the Terrorism Add On is identical to the remainder of the policy.

If you require any further details on the above please call us on 0800 978 8007.