This website is dedicated to the Beech Underwriting Terrorism Insurance product.
Following the aftermath of the atrocities in the United States of America on 11th September 2001, insurers and market bodies such as the Association of British Insurers (ABI) and the British Insurance Brokers Association (BIBA), had been in discussion with the UK Government regarding the future of terrorism insurance cover for businesses in the UK. In consequence, all insurers have introduced new war and terrorism exclusions to their policy wordings for new and existing policies. Previously the Government backed terrorism facility (Pool Re) provided terrorism cover for individual policyholders over and above the heads of cover provided by the underlying commercial property covers up to the total sum insured or limit of liability.
Terrorism Insurance is a very complex subject and Beech Underwriting are specialists in this product. We can arrange Terrorism cover in respect of a Household risk to a Rock concert whether in the UK, Europe or Worldwide. This is a specific product which runs in conjunction with your existing policy and can be custom made to suit your requirements.
Some Insurers have excluded all Terrorism cover for Household / Residential policies and Beech Underwriting have a specific scheme for Residential Domestic Properties whether owner-occupied or let to Professionals, Students, Income Support tenants or Local Authority Sponsored. Beech Underwriting can offer a tailor-made policy covering the Buildings and Contents etc or just the buildings on its own. Premiums in the UK start at £30.00 for Domestic premises and £50.00 for Commercial premises excluding Insurance Premium Tax.
Although all insurers offer Terrorism as additional cover. It is not included in the primary policy. Again, Beech Underwriting can offer cover at competitive premiums. In respect of the larger risk, we can offer 1st Loss cover or if there are restricted funds then a limited form of cover in accordance with the budget. So whether it’s a small shop or a property portfolio we hope to be able to help.
All policies are administered by Beech Underwriting and underwritten 100% by certain underwriters at Lloyds.
IF YOUR PROPERTY HAS A MORTGAGE OR THE PROPERTY IS BEING USED AS SECURITY FOR LOANS AGAINST THE VALUE OF THE PROPERTY YOU COULD BE IN BREACH OF THE MORTGAGE OR LOAN AGREEMENT IF YOU DO NOT HAVE TERRORISM COVER.