Beech launches terrorism product for contract works
New offering can be bought on a maximum limit basis.
Beech Underwriting has brought out a new terrorism product for contract works which it claimed will save the building industry thousands of pounds a year in premiums.
The Lloyd’s coverholder and terrorism cover specialist detailed that up to now terrorism premiums through government-backed Pool Re have been based on company turnover.
And argued that it had “turned that completely upside down” and could deliver cover based on a maximum limit required for the year.
The firm gave the example
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