One80 Intermediaries is proud to announce that effective immediately, we have exclusive access to a property terrorism coverage platform that allows us to rate, quote and bind in house.
As the federal government works to extend the Terrorism Risk Insurance Program Act (TRIPA), it is important to remember that this coverage is embedded into property insurance coverage and is priced at approximately 5-10% of property premium. Please be aware that you may be able to place Terrorism coverage on a standalone basis more competitively than as embedded coverage.
Submission requirements include:
- Schedule of Values, Locations and Zip Codes
- Insureds name & head office address
- Information on threats and losses in the past 5 years
Coverage is available in all 50 states and includes terrorism sabotage, terrorism liability, and political violence. Coverage also includes financial costs to a company by a third party or employee who is injured as a result of a terrorist attack.
Policies are on A+ rated paper, minimum premium is just $200, and we provide limits of up to $100M per occurrence.