Nuclear and bio-chemical terrorism insurance offered

TT Club, the specialist transport insurance provider, has announced it will offer nuclear and bio-chemical terrorism cover, starting from January 1 2007.

Cover will be available for physical loss, business interruption and liabilities, and will be applicable both in incidents involving actual damage caused by an incident or device and when an incident occurs or a device is discovered causing significant trade disruption but no physical damage.

The Club is offering cover for both direct and indirect business interruption, for example, members with goods delayed due to the closure of a third-party facility as a result of a nuclear or bio-chemical terrorism incident anywhere in the world.

Limit options will provide cover up to a maximum of US$25m for any one incident per member. Indirect business interruption losses will be available for limits up to a maximum of $5m, any one incident, per member. A pool aggregate limit for all claims in any one year of US$100m is expected to be achieved.

Further details can be found at http://www.ttclub.com