Terrorist attacks have gained a lot of prominence in the global news cycle over the last several months, and there have even been attacks in Canada in the last year and a half or so.

Canada is not immune to terrorism and has been targeted for attacks. Canada is vulnerable to terrorism .In an increasingly complex world Terrorism insurance and risk management has never been more important for organizations to protect their interests. Global extremists aim for sensational destruction and loss of life, and give no warnings. Domestic groups in many countries are becoming more sophisticated. Clients need to understand they themselves nor their businesses do not have to be the intended target-because even an attack near their facilities could result in human casualties, property damage, business interruption, relocation costs, long-term damage to reputation and loss of public confidence.

These vulnerabilities highlight the need for vigilance and specific counter-terrorism measures, as well as insurance coverage. At Tripoint Insurance Underwriting, we see there are key benefits of providing our client base this coverage, either as a Stand-alone cover or as part of a package coverage. As part of our active promotion for this coverage with clients, our discussions with clients would involve:

• Helping them gain a real understanding of their risk and to be able to actively and accurately quantify their financial exposures.
• Help them to understand how to identify where, and how they can protect their supply chain, reduce potential liability, guard against business interruption, and strengthen their resilience and duty of care.
• Help our clients to make informed and justifiable decisions about terrorism insurance and risk management.
• Help them to understand how they can in fact protect their assets with the most appropriate and cost effective terrorism insurance program so that they are neither over- nor under-insured.

Our Intended Target Classes would include:

• • Real Estate
• • Leisure & Entertainment including Hospitality
• • Hotels
• • Retail/Shopping Malls
• • Transportation Hubs
• • Commercial Properties
• • Industrial Assets
• • Construction Risks up to 36 months
• • Oil & Gas, Mining
• • Offices
• • Life science risks
• • Manufacturing facilities
• • Technology risks
• • Property Management Risks