Pool Re reports on what businesses need to consider for Martyn's Law
Pool Re, the UK’s government backed reinsurer, has issued a series of vital reports for local businesses across the UK.
It will help to ensure that businesses and organisations within scope are adequately prepared to deal with the terrorism threat.
These reports have been produced ahead of the Terrorism Protection of Premises Bill, which will bring a pivotal shift in responsibilities for businesses and organisations that oversee crowded space, events, and venues.
Pool Re has produced a set of in-depth assessments on a range of issues relating to the threat of terrorism to the following sectors:
- Transport
- Retail & Wholesale
- Religious sites
- Hospitality
- Education
- Culture & Entertainment
- Accommodation
Each report highlights the potential threat, location based threats, previous terrorist incidents, and a threat visualisation.
All reports are available on the Pool Re website HERE
Authored by Pool Re
About Pool Re
Pool Re’s purpose is to enable the UK insurance market to offer terrorism cover to any commercial property that requires it. Central to this is the integration of Pool Re’s cover with the underlying property policy which ensures that there is no gap in the cover provided.
Pool Re was designed to insulate the taxpayer from potential financial losses arising from acts of terrorism. It has achieved this effectively, to date paying £635m in respect of 13 claims arising from certified terrorism events in the UK since our establishment. It has never called on the Government’s guarantee.
By providing foundational stability at a reinsurance level, Pool Re has created an environment for the commercial market to re-establish itself, following the market failure in 1992. This stability creates and sustains access, liquidity and confidence to generate the conditions for the private market to gradually write a growing portion of terrorism risk.
Helping UK businesses build resilience against terrorism risk is a priority for Pool Re who have developed SOLUTIONS an in-house centre of excellence created to support Members and policyholders better understand risk awareness, modelling, and management. They have also invested in a range of initiatives with Government security and intelligence agencies to provide tools such as an information sharing platform.