NMU’s
recently updated terrorism insurance is now available on Acturis as a fully auto-rated e-trade solution, with the firm being the first insurer to go live with a terrorism e-trade product on the platform.
“We are delighted that by launching an e-tradable version of our new, enhanced terrorism product on the Acturis platform, we continue to demonstrate delivery of the innovative solutions required of us by our partner brokers’ evolving needs,” said NMU executive director Duncan McClean.
The offering, which went live on Acturis today, is also available via U-Trade. NMU recommends the use of the U-Trade method for high value or more complex enquiries and larger portfolios or those involving at least 10 properties.
The standalone terrorism and sabotage insurance product caters for both commercial and property owners risks with single or multiple locations, based in any part of the UK, the Republic of Ireland, and overseas. Customers have the flexibility to choose which locations to insure or to cover all locations on a floating first loss basis.
More importantly, the crucial non-damage trigger has been added to the business interruption cover for terrorism policies. The revised wording provides protection against damage to own and third-party property, as well as instances where vehicles, hand-held weapons, and explosive devices are used to cause death and injury.
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