Security Risks Insurance for Companies & Organisations

All companies have a duty of care obligation to their most important asset: their workforce. A company is legally obliged to have the necessary crisis and risk management procedures in place to ensure the protection of their staff and in many cases, guests, customers, consultants and contractors while working on their behalf.

The financial and reputational repercussions for a business following any type of security-related incident can be significant if the appropriate risk transfer, mitigation measures, and crisis management procedures are not put in place.

There are two important security risk considerations an organization should consider:

  1. Physical assets and business risk
  2. Protecting your workforce

Failure to meet this obligation can lead to significant repercussions, including brand and reputational damage, litigation, and business interruption.

Our diverse, global, and creative team of specialists works as your agent and problem solver to overcome concerns or challenges, and delivers strategies to leverage your business volumes. We believe insurance contributes to the growth of your business, as well as provides crucial protection in unstable circumstances.


Security Risks Insurance for Companies & Organisations

We help our clients manage their assets and business risk. An effective insurance program should consider the following:

  • Physical damage to assets
  • Business interruption/ trade disruption
  • Contingent business interruption (utilities failure, customers and suppliers, denial of access)
  • Non-damage business interruption (threat, active assailant, loss of attraction)
  • Litigation and legal liability (including associated-defence costs)
  • Chemical, biological, radiological, and nuclear cover
  • Cyber (resultant property damage and business interruption)
  • Access to specialist security consultants to assist in managing the crisis at corporate HQ and on the ground, supporting business continuity during the event and ultimately ensuring a swift recovery
  • Reputational damage
  • Additional expenses for both pre and post incident risk mitigation and prevention such as additional security, counseling, legal advice, and PR consultancy
  • Ransom reimbursement and transfer.
Security Risks Insurance for Companies & Organisations

When protecting your workforce, an effective insurance program should consider:

  • 24/7 access to expert response consultants to assist in managing a crisis, including hostage negotiation, law enforcement liaison, family liaison, and media liaison
  • Ransom reimbursement and transfer
  • Additional expenses including:
    • Public Relations consultancy
    • Gross salary coverage for victim and their family
    • Childcare
    • Temporary security
    • Forensic analysts
    • Occupational re-training
    • Travel and accommodation costs
    • Medical and psychological counselling
  • Evacuation and repatriation for foreign nationals (transport, accommodation, and salary)
  • Personal accident benefits for death, injury, and permanent total disablement.


There is no limit to how early an insured can come to the market with a request for insurance coverage. The more information the insured is able to share on the risk exposure, the more meaningful the feedback from insurers will be. If the risk information submitted is minimal and there are outstanding questions, particularly where there might be historical claims or high risk country exposure, insurers will only be able to provide theoretical feedback at best.

  • Name of the Insured company or family name (if purchasing for personal reasons)
  • Confirmation of assets/ turnover (as this is a policy of indemnity, we can only provide limits of indemnity which are equal to or less than your asset/turnover base)
  • Number of people to be covered by country of residence
  • Travel pattern of insured persons (locations, duration and frequency of trips)
  • Confirmation of any previous threats/incidents in the last five years

By the insurers? The policy is cancellable by the insurers ONLY for the non-payment of premium by the insured.

By the insured? This policy is cancellable by the insured by written notice to insurers. Earned premium will be calculated on a pro-rata basis and a return premium may be provided to the insured for the unexpired portion of the policy subject to insurer agreement.

Please contact the named response consultants on your policy immediately, as soon as an incident has occurred or is thought to have occurred and provide them with information regarding the nature of the incident, those involved and the location. The response consultants will provide you with immediate advice and guidance on what to do next.

With these policies, your insurer is exclusively tied to a response consultant who will support you in managing a crisis from start to finish. The claim number on your policy will be the dedicated response consultants’ number, which is operational 24/7, 365 days a year. You may also wish to simultaneously contact your broker to discuss the insurance coverage, however, we strongly recommend that your first point of contact should always be the response consultants. The response consultant works in the interests of the insured, not the insurers.

Yes, these policies are highly confidential and a condition of the policy is that knowledge of its existence should be restricted as far as possible. For these reasons, we always recommend that only a select few individuals are aware of the policy’s existence.

Key facts

20+ global security risk specialists25 years’ broking and claims experienceOver 900 security risks claims handledOnly global credit and political broker with an in-house security team


Security Risks Insurance for Companies & Organisations

Clients wishing to purchase insurance for security risks need to ensure that they select a broker with the relevant skills, knowledge, and expertise in their business sector. We believe insurance contributes to the growth of your business, as well as provides crucial protection in challenging circumstances.

We find opportunities, where others see challenges. Our entrepreneurial culture and exclusive analytical ability helps clients to identify and realize opportunity in volatility. Here’s what makes us different:

  • We pride ourselves on being accessible across all time zones. By the very nature of these insurances, we understand the great time-sensitivities involved
  • Given the sensitivity and complexity for security-related claims, we advocate integrity, efficiency and confidentiality
Security Risks Insurance for Companies & Organisations
  • We have the tenacity and desire to disrupt the market status quo and drive the insurance market forward with cutting-edge solutions. We pride ourselves in being seen as market leaders
  • We have a dedicated team of specialists around the world, focused solely on security risks, so you know you will always receive expert advice and support
  • Our long-standing relationships with the specialist insurers in this field means that our market leverage for seeking alternative structures to ensure the most competitive and holistic coverage is available to you. We set the trends, not just follow them
  • Our proprietary risk platforms and knowledge hubs are unique to the insurance market and deliver critical risk insights
  • Our brokers draw on our in-house analysts’ expertise to identify current risk trends and forecasted risk developments globally that may impact you or your business.

Claims capabilities

We deliver results. We deploy all resources to help resolve complex losses and deliver claim payments.

Our clients have confidence that the insurance policies we arrange are expertly structured and written by experienced insurers with strong track records in paying claims. Our approachable brokers work alongside our meticulous CPS claims professionals who specialize in handling, managing and negotiating claims.

In the event of a loss, we provide:

  • A single point of contact with overall accountability for all losses wherever they occur
  • Our proactive claims handling process maximizes your recovery under your program, while minimizing the intrusion and interference to your on-going operations
  • We leverage our strong relationships with major leaders, loss adjusters, and lawyers to help expedite the claims process
  • Access to our sophisticated pre-loss consulting and effective post-loss recovery services


Our starting point when structuring a new policy is to precisely understand your needs. Our brokers sit alongside our team of risk analysts drawn from security, technical, and academic backgrounds.

Their substantial knowledge is utilized to help us understand the precise nature of your risk profile, assisting us in determining the right insurance solution for your requirements.

Using our market-leading modelling and rating tools, such as Sunstone and World Risk Review, our analysts can pinpoint risks, map exposures, analyze the risk triggers, and evaluate probable maximum loss (PML) ratios across a portfolio of assets.

Read our latest insights