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Property Terrorism Insurance

Property Terrorism Insurance provides North American multinationals with broad protection against losses to physical assets arising from terrorist acts worldwide. Coverage goes beyond government-mandated protection by responding to losses from acts perpetrated by foreign or domestic terrorists. Industry-leading limits, up to $250 million, are available. All classes are considered including financial institutions, manufacturers, agricultural suppliers and retail distributors.

Features and Benefits Back To Top
  • Underwritten on a primary or excess basis
  • Covers Certified and non-certified acts of terrorism
  • Coverage may be available for losses arising from attacks using biological or chemical agents, and includes debris removal with with BioChemShield
  • Coverage extends for business interruption losses and extra expenses arising from civil or military orders relating to a terrorist attack or threat impeding operations.  With OpShield, coverage responds even when the act occurs up to 10 miles from the insured’s premises (or named area) and creates no property damage for the insured.  Named locations could include ports, roadways, hotels and airports.
  • Direct business interruption losses covered (subject to a 30-day waiting period) with OpShield
  • Coverage may be available against the potentially catastrophic financial losses that could result if a cyber terrorist, hacker, or other intruder penetrates a company's computer network, with LexCyberSecure
  • Threat and Vulnerability assessments and online crisis management services may be available
  • International difference in conditions coverage augments local compulsory or elective schemes
  • High-limit, financially sound insurance satisfies lender requirements
 
Marketing Materials Back To Top

Brokers interested in AIG Companies' products can find out more by clicking the highlight sheets below:

Property Terrorism Insurance Highlight Sheet (.pdf)
Brochure introducing Property Terrorism Insurance and providing coverage and contact information

Safety Act Homeland Protector (.pdf) 

Excess Auto Liability Insurance Brochure (.pdf)
Brochure introducing Excess Auto Liability from Lexington Insurance which provides coverages for school bus operators

Lexington Property Insurance (.pdf)
Sales brochure for Lexington Property Insurance that breaks down its programs and outlines key coverage information

Lexington Casualty Insurance (.pdf)
An introduction to Lexington Casualty Insurance which provides details regarding the programs it provides

OpSheild Brochure

Claims Back To Top

When a customer experiences a property loss, nothing is more important than promptly paying the claim and restoring their business to normal operation as quickly as possible. With extensive commercial property claims experience derived from managing some of the biggest, worst and most complex property claims in history, and a vast network of resources that stand ready to respond, The AIG Companies are well equipped to do just that.

Our access to national general adjusters and property and auto/heavy equipment reinspectors located around the country ensure policyholders receive proper loss assessment and quality control. And dedicated catastrophe teams, comprehensive claims investigators and safety/loss control engineers help policyholders effectively mitigate their losses and minimize loss costs.

Fax: (866) 612-8014
E-mail Lexingtoncommercialproperty@aig.com
Mail: Lexington Insurance Co.
100 Summer Street
Boston, MA 02110

OpShield Back To Top

OpShied responds to the substantial business interruption losses and extra expenses a business incurs when a civil or military order imposed following a terrorist act impedes its operations. Coverage responds even when the act occurs far from the insured's premises and creates no property damage for the insured.

Features & Benefits

- Up to $25,000,000 in capacity is available

- Coverage is triggered by civil or military order even if there is only a threat of terrorism

- Coverage responds when the order takes effect anywhere within a 10-mile radius from the insured facility

- Coverage can also extend to orders affecting areas surrounding non-owned locations, such as transportation hubs, vendors or suppliers on which the insured's operations rely

- Can be underwritten on a standalone basis or in conjunction with Lexington's general property policy

- Can include international coverage to augment locally managed and government-administered programs

BioChem Back To Top

Terrorist attacks using biological and chemical agents represent a unique property exposure that business, in almost every industry, must contemplate. Dispersal of these agents could necessitate multi-million dollar clean-up costs and trigger substantial losses of business income. Victimized properties are also likely to be significantly devalued, if they maintain any value at all. Lexington's BioChem Shield is an endorsement that expands Lexington's property terrorism insurance to address losses arising from the use biological or chemical agents in a terrorist attack. It provides far-reaching protection for property losses arising from terrorist attacks using biological and chemical agents. It addresses an exposure that threatens businesses in many industries; from retail, to real estate, to transportation facilities.

Features & Benefits

- Up to $25,000,000 in capacity is available

- Covers the costs to clean up the chemical or biological agent/s dispersed in an attack

- Coverage for business interruption losses and extra expenses the insured suffers from the biological or chemical terrorist attack

- Covers the insured's property, up to the endorsement limit, if civil authorities prevent the insured from re-occupying the property for more than nine months following an attack

- Can be underwritten on a standalone basis or in conjunction wit Lexington's general property policy

- Can include international coverage to augment locally managed and government-administered programs