Terror Cover Buyers Few Few commercial customers are purchasing terrorism insurance because they believe their exposure is minimal or the coverage is too expensive, according to a survey by a insurance brokers group.
The report was released by the Council of Insurance Agents and Brokers. CIABs 212 members, representing the United States largest insurance brokerage firms, were polled between Feb. 28 and March 17. CIAB said businesses, prompted by fears of terrorist retaliation, were stepping up purchases of the coverage as the war approached.
In the survey, 49 percent of the responding brokers said that less than 10 percent of their clients have purchased the insurance. On the other end of the spectrum, only 6 percent said all of their clients purchased the coverage.
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