Terrorism and Political Violence Insurance


What is Standalone Property Terrorism Insurance?

AIG’s standalone property terrorism insurance is designed to protect Canadian businesses from potentially devastating losses that can result from a terrorist act. Once viewed as a rarely needed insurance solution, standalone property terrorism insurance is now an integral part of a comprehensive risk management program. Backed by its global capabilities, AIG Canada’s coverage goes beyond government-mandated limits and offers industry-leading protection against terrorism and political violence.

Why does your organization need Standalone Property Terrorism Insurance?

  • Broad definition of terrorism that covers certified and non-certified acts of terrorism
  • Coverage is provided for acts of terrorism committed domestically and abroad
  • Flexibility of underwriting on a primary or excess basis
  • Wording flexibility allows for ease of handling unique coverage situations
  • Customization of coverage to augment locally mandated and government administered programs available

What does AIG Standalone Property Terrorism Insurance cover?

  • Available gross limits up to $500 million for terrorism
  • Available gross limits up to $250 million for political violence

The AIG Advantage

Local Expertise

  • AIG provides industry-leading products from Canada with Canadian underwriters on Canadian paper
  • Bespoke services focused on the clients’ needs
  • On-site assessments in addition to virtual reviews
  • Combined with a broad appetite, AIG is a high-capacity insurance provider

Claims Expertise

  • AIG’s experienced claims team provides Canadian clients a 50% advance of an agreed loss estimate within 7 days of covered events – after coverage confirmed – for property damage, clean-up costs, and extra expenses
  • Provides clients 24/7 hotline access to responsive, dedicated claims professionals
  • Includes claims professionals in early client meetings to establish relationships and show capabilities

Multinational Support

  • Provides Canadian clients access to world-class multinational expertise, solutions, and service delivery in a globally consistent and seamless fashion

Security Risk Practice

  • Specialized group comprised of experts specifically trained in terrorism threat identification and mitigation and led by individuals with decades of military and related field expertise
  • Experts are available for multiple levels of exposure analysis and offering solutions customized to clients’ needs
  • Access to SMARTBlast – AIG’s in-house hazard and estimated maximum loss modelling tool