CFC expands US terrorism insurance coverage
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London-based managing general agent CFC Underwriting Ltd. said Thursday it has expanded its North American terrorism and sabotage policy.
Changes to the coverage include loss of attraction, which covers loss of income after an attack within one mile leads to a reduction in business, and threat coverage, which covers loss of rent or business interruption in the event of a terrorist threat.
Other additions include reimbursement or repair to property and contents due to looting after a terrorist attack; brand rehabilitation, such as post-loss publicity costs, and pollution coverage for clean-up costs in the event that a pollutant is stored at a covered property.
CFC offers up to $200 million in limits for terrorism coverage.
