ARE YOU COVERED?

The U.S. Government Accountability Office's "Terrorism Insurance: The Status of Efforts by Policyholders to Obtain Coverage" report reveals that most high-value properties in at-risk, large cities have found adequate terrorism insurance coverage. A majority of these policyholders found coverage for office towers, hotels, and other large buildings located in areas that are considered high-risk targets. However, policyholders report that efforts to obtain adequate coverage were time-consuming and often involved more than one insurance carrier. Some have even opted to purchase stand-alone coverage and self-insure a portion of their exposures.

Source: GAO
 Business Insurance (09/15/08) Hofmann, Mark A.
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