YOU CAN’T PREDICT BUT YOU CAN PREPARE.

Malicious Attack Lite

Following a malicious attack, a small business owner is left with no immediate cash to get their business back up and running, no cover for loss of attraction and no funds to cover employees for medical costs, psychiatric help and therapy.

As the security threat evolves, existing insurance cover is failing to deliver the effective protection that business owners need. Hiscox Malicious Attack Lite has been designed with small businesses in mind, going beyond traditional insurance coverage to provide proactive and innovative solutions to our clients.

MALICIOUS ATTACK LITE

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How the Malicious Attack Lite policy respondsBased on a TIV of USD 2.5 million, with USD 1 million of BI:Limit of insurance USD 100,000 each occurrence and in total for all claims covered in the policy period. All sub-limits are part of and not in addition to the policy aggregate.

Insured location within a civil/military prevention of access cordon DUp to ten days loss of income. DLoss of potential customers: USD 15,000. DCrisis management: USD 10,000.

Attack at insured location DProperty damage: USD 100,000. DBusiness interruption: USD 100,000. DLoss of potential customers: USD 15,000. DPrevention of entering or leaving insured location: up to ten days loss of income. DCrisis management: USD 10,000. DPsychiatric and counselling costs: USD 25,000. DMedical expenses: USD 25,000.

Insured location within 500 metres of a malicious attack event but outside the cordon

DLoss of potential customers: USD 15,000. DCrisis management: USD 10,000.

Malicious attack case study Antioch, Tennessee – 22 April 2018 2018

MotivationTravis Reinking – aged 29, killed four people and injured four others in a shooting attack at a Waffle House restaurant in Antioch. The attack lasted 42 seconds, of which 27 seconds were inside the restaurant. Reinking was dismissed from a job on 3 April, which along with mental disorder, is a common factor in active shooter cases.

RestrictionsCordon of up to 50 metres. The Waffle House at the scene of the shooting was closed for three days.

WeaponsBushmaster X-15 (AR-15) assault rifle.

Impact on the local areaThe incident occurred during overnight hours on a Sunday when most local businesses were closed. Reinking was apprehended approximately 34 hours later, near a residential and commercial area less than one mile way – close to where he lived. School districts in surrounding counties adopted security precautions, prohibiting visitors. Police advised local residents to shelter in place and remain vigilant.

Key differences in cover between TRIA, T3 and Hiscox Malicious Attack Lite

TRIA T3 HISCOX MALICIOUS ATTACK LITE

Cover/policy provision

Not restricted by the US Government having to declare an ‘act of terrorism'

Track record of paid claims

Not restricted to terrorism only

Cover given for any malicious event

Cover triggered for bodily injury

Loss of attraction given as standard

Denial of access given as standard

Extra expense given as standard

Counselling given as standard

Additional security costs given as standard

Miscellaneous costs that can be used for medical and funeral costs given as standard

Public relations costs

Covers an event within 500 metres of an insured location

Hiscox Malicious Attack Lite Insurance Key features and benefits

FEATURES BENEFITS

Loss of attraction as a consequence of an event within a 500-metre radius.

Cover responds to protect you and your staff when an attack occurs at your premises or a third-party location.

Funds made available to access public relations services.

Costs for crisis communications and media relations to protect a client’s brand and reputation.

Counselling costs. Costs to provide affected persons with psychiatric and therapy sessions in the aftermath of an attack.

Hiscox rated number one for overall claims service quality.*

Unparalleled service.

Explicit policy wording that clearly defines the trigger for coverage.

Transparent and simple wording with no ambiguity.

Broad spectrum of attacks covered – both motivation and choice of weapon.

Most comprehensive cover available in the Lloyd’s insurance market.

*The Gracechurch London Claims Report.

Hiscox Ltd1 Great St Helen’sLondon EC3A 6HX

T +44 (0)20 7448 6000E enquiry@hiscox.comwww.hiscoxlondonmarket.com

Registered in England no. 2590623

Hiscox Syndicates Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

This broker communication is for informational purposes only. The coverage afforded by the products described herein are subject to and governed by the terms and conditions of each policy issued. This information may not be used to modify any policy that might be issued. The products described are underwritten by a Hiscox Syndicate at Lloyd’s, London, and are available in the US on a surplus lines basis. The publication and delivery of this information is not intended to be a solicitation by Lloyd’s for the purchase of insurance on any US risk. 19071 07/19

For more informationTo find out more about Hiscox Malicious Attack Lite cover, speak to your Hiscox underwriting contact, call 020 7448 6000, email terrorism.referrals@hiscox.com or go to hiscoxlondonmarket.com.