Hiscox expands terrorism coverage

Hiscox Inc., New York, said Tuesday that it has added new products to its terrorism portfolio.

The new products cover property damage caused by malicious attacks from nuclear, chemical, biological and radiological devices. The policy also provides coverage up to $25 million for blast damage, decontamination and clean-up costs, and lost income caused by government actions, Hiscox said in a statement.

Additionally, policyholders will have access to Hiscox’s Control Risks risk advisory services through a 24/7 helpline, according to the statement.

“The threat of attacks utilizing chemical and biological weapons from terrorist groups like ISIS is substantial and increasing. It’s important that organizations are covered for related losses and business interruption costs from potential attacks,” Jennifer Rubin, Hiscox global practice group head for war, terrorism and political violence, said in a statement.