War, Political Violence, Terrorism, Kidnap and Ransom

Crisis Management Solutions for Emerging Threats

Costero has significant experience in offering a wide range of bespoke solutions across the War, Political Violence, Terrorism, Active Assailant, Kidnap, Ransom & Extortion spectrum, including the following:

Terrorism & Sabotage

Terrorism and sabotage insurance provides cover for liability, physical damage and business interruption following an act of terrorism (both certified and uncertified) and sabotage.

Cover can be provided on a worldwide, multi-jurisdictional basis with fully flexible limits and deductibles, and no minimal loss criteria.

Costero can also provide access to our terrorism portal which allows users to quote and bind a terrorism risk within around 60 seconds.

Riots, Strikes, Civil Commotion & Malicious Damage

Incidents of riot and civil commotion can often cover wide areas, resulting in closure to insureds’ business premises even if said premises are not directly affected. This cover indemnifies the insured for property damage arising from these insured perils and any resultant business interruption arising thereof, and can also include looting following an insured occurrence.

Political Violence

Insureds with exposure in more challenging locations may require full Political Violence, which includes War, Civil War, Insurrection, Revolution or Rebellion, Mutiny, Coup d’Etat & Counter – Insurgency, in addition to the perils detailed above.

Common Extensions

The coverages outlined above can include the following common extensions or forms of coverage:

Event Cancellation

This product covers losses arising due to the cancellation of an event due to the Terroirsm, Riot or Political Violence perils outlined above.

Active Assailant

Active assailant products go beyond the requirement for physical damage to trigger cover, responding to death, injury, or even just the drawing of a weapon or a hostage situation. Cover can be triggered by an occurrence at the insured location or within a certain radius, and can be extended to include personnel offsite.

Triggering events are not limited to terrorism, and policies will respond to most malicious acts of violence (or threats thereof).

Coverage includes the following:

• Crisis Response
• Public Liability
• Property Damage
• Loss of Revenue
• Extra/Miscellaneous Expenses

Kidnap & Ransom

Our products provide comprehensive insurance coverage for kidnap & ransom, extortion, hijack, wrongful detention, threat, disappearance, express kidnap, hostage crisis, child abduction & Emergency repatriation.

Coverage includes dedicated response consulting services.