NMU launches terrorism motor fleet product

Marine-underwriting-specialist-NMU-launches-terrorism-motor-fleet-product

Recognising the changing nature and modus operandi of modern-day terrorist attacks, which has seen a significant shift towards causing human casualties with the use of motor vehicles as weapons, NMU have today announced the launch of an innovative new stand-alone terrorism product, specifically for motor fleet operators.

Having been faced with an inconsistent approach to terrorism related exposures by Motor insurers, NMU can now uniquely provide Motor fleet operators with the ability not only to protect their schedule of commercial vehicles against the risk of physical loss or damage (following a broadly defined range of terrorism perils, including sabotage) but also, and uniquely, against financial losses, triggered by either damage or non-damage/malicious attack events.

Their competitively priced offering is designed specifically for entities such as the likes of coach/bus operators, hauliers, logistics providers, outside broadcasting & media entities, council fleets and similar – providing protection on a 24/7 basis within a range of optional territorial limits (which can include Europe), for commercial vehicle fleets, including trailers, accessories and passenger effects.

Commenting on the new product release, NMU Executive Director, Duncan McClean said, “The evolving nature of terrorism incidents brings a whole new set of risks and exposures not previously considered or catered for.

“By recognising a gap in the motor market, I’m delighted that NMU have once again delivered with the provision of an innovative, niche product solution, designed specifically to include the unique and critical protection that fleet operators need.”

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NMU is an award-winning provider of specialty insurance solutions

We are the first choice for brokers looking for specialty insurance, offering solutions that are not simply off-the-shelf, but built upon a real understanding of the risks faced by policyholders. This, together with our ability to write risks such as storage, installation, construction and exhibitions outside of the UK and offer terrorism cover on overseas property, sets us apart from the competition.

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Our product and services range comprises:

Cargo InsuranceMarine cargo policies cover goods during import and export, including any incidental storage, as well as domestic distribution. Stock throughput polices can cater for all this plus other, intentional storage…read more

Freight Liability InsuranceCovering the liabilities to which hauliers, freight forwarders and warehouse keepers are exposed when they contract to move or store goods owned by others…read more

Engineering InsuranceCovering contractors’ all risks (CAR), erection all risks (EAR) and contractors’ plant; machinery movement (and installation), breakdown and business interruption; deterioration of stock; and electronic risks…read more

Marine Equipment InsuranceCovering remotely-operated and autonomous underwater equipment – ROVs, AUVs and the like…read more

Terrorism and Sabotage InsuranceStandalone terrorism cover can be a more flexible and cost-effective alternative to traditional placement routes…read more

Motorsport InsuranceDesigned for commercial risks, our motorsport policy offers 24/7 cover for teams at all levels across all disciplines…read more

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Risk ControlWhilst we pride ourselves on our claims service, there is far more benefit to policyholders in preventing loss and damage in the first place…read more

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