Aon, Pembroke partner on terrorism policy

Aon PLC and Pembroke Managing Agency at Lloyd’s have partnered to offer a public protection policy designed to help businesses provide financial support to those affected by a terrorist attack on a company’s premises or owned space, Aon said in a statement Thursday.

The policy, focused on employees and third parties, features aggregate policy limits of up to $50 million per event and key benefits including direct support to terrorism victims and their families and timely financial support for victims, the statement said.

The coverage is aimed at allowing a business to take a “a responsive and structured approach to such attacks,” and avoid the potential “months for those affected to receive financial aid from either the government or (where available) charity funds,” the statement said.

“As the focus of terrorist attacks shifts towards mass human casualties, protecting individuals from external harm has become increasingly challenging,” the statement said. “Companies operating in public spaces or with exposures due to their public footprint are battling security exposures that continue to evolve.”