Terrorism risk management
Terrorism risk management is more complex than ever. Extremist groups are global and may target any ‘Western’ organisation anywhere in the world. They aim for sensational destruction and loss of life, and give no warnings. Domestic groups are cross-fertilizing and becoming more sophisticated.
And you do not have to be the intended target. An attack not only on, but simply near your facilities could result in human casualties, property damage, business interruption, relocation costs, long-term damage to reputation and loss of public confidence.
At the same time society is becoming more litigious. There is an emerging opinion that terrorism is a ‘foreseeable event’, and in order to address their liability exposure corporations need to have adequate procedures in place to mitigate the risk and fulfil their duty of care.
Our unique solution
Aon offers a unique two-part solution to counter terrorism risk management. Our consultants carry out detailed threat and vulnerability assessments. They map the most credible risk scenarios and analyse the likely impact. They then help devise and implement procedures for mitigating the risk and responding to and recovering from a terrorist attack.
- a threat and vulnerability assessment determines your real exposure to the risk
- probable maximum loss studies determine whether your assets are either over or under insured
- modelling business interruption highlights the likely disruption to your organisation and any weaknesses in your supply chain
A review of your plans, procedures and physical controls identifies any areas requiring improvement to strengthen your resilience and duty of care.
This consultative approach supports the insurance programme, ensuring that cover is relevant and appropriate to the risk.
Experience and expertise
Our experience is first-hand, with an in-house consulting team comprising former military, intelligence and government security personnel who have attended more than 1,000 live terrorist incidents.
Our broking team is one of the most experienced in the market, and includes a dedicated in-house claims specialist.
Further information
If you would like to discuss your requirements relating to counter terrorism insurance and risk management, we would be delighted to hear from you. Please contact us or call and ask to speak to one of our counter terrorism experts.
Terrorism threat map
Our 2007 terrorism threat map is now available.
05 December 2007
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