“It is not possible to sign insurance in Scandinavia against the costs of terrorist attacks on hotels. To sign such a “terrorist insurance” you must go abroad, f.ex. to Chubb or Lloyds in London.
They sign insurance that covers employees, guests and buildings in case of a terrorist attack.
I do not know how many hotels in Scandinavia who has such a “terrorist insurance.” But it is not my impression that it’s widely widespread,” says Allan L. Agerholm, CEO of BC Hospitality Group, which includes the hotels Marriott, Bella Sky and Crowne Plaza in Copenhagen. Moreover, Allan L. Agerholm is Vice Chaiman of Horesta.
“Do Marriott, Bella Sky and Crown Plaza have a “Terrorist Insurance?”?
“I have no comment to make. If guests ask we privately answer whether we have such insurance. But we never discuss security or insurance in public.”
“Would you recommend that to sign such insurance?”
“There is a risk of doing business. Each hotel must assess whether there is a risk of being harmed by a terrorist attack, among other things from where the hotel is located. So to sign such insurance is up to the individual hotel.”
“But if you have not taken out such insurance, you have to pay the bill in the event of a terrorist attack?
“Yes, that’s right,” says Allan L. Agerholm.
“Arp Hansen has not drawn terrorist insurance. We have all sorts of other insurance policies covering employees and guests. But no insurance against terror. It is force majeure. But we see regularly on our insurance strategy in line with developments in the world around us, “says Dorte Krak, CEO, Arp. Hansen hotels with 11 hotels in Copenhagen.
Private insurance covers terror
“When going abroad as a tourist, always make sure to have a travel insurance that covers you for evacuation and has crisis assistance. Most travel insurance companies like Europæiske ERV has this as a cover in their standard product. And you will therefore not need to buy a separate ‘terror insurance,” says Mark Bartram, Nordic Head of Marketing and Communications, Europæiske Travel Insurance, ERV, Denmark to TTO Scandinavia.
“How is it different compared to normal travel insurance?”
“It doesn’t since it will most likely be part of the travel insurance that you are going to buy.”
“How much more expensive is it?”
“The cost is therefore also the same.”
“What`s “terrorism insurance. What does is cover?”
“There are mainly three things that you have to make sure that your travel insurance covers besides medical treatment and it is Evacuation, Crisis Assistance and third Crisis Assistance for Relatives. This will ensure that you as a tourist can be Evacuated out of the country without any costs if the local Government or your Ministry of Foreign Affairs recommends this. Crisis Assistance ensures that you can get professional help if you have experienced or seen things that call for you talking to a professional therapist.”
“Is it valid in all countries? Are there places in the world you do not approve?”
“Our travel insurances does not cover in warzones, besides this you are covered all over the world if you make sure to buy insurance that covers you outside Europe.”
“Can you buy the same kind of “terrorism insurance” in all countries in Scandinavia?”
“It is my qualified guess that in all Scandinavian countries it is possible to buy a travel insurance that covers you in case of a terror attack.”
“Have you seen an increase in sales of insurance with terrorist protection after more terror f. Ex. in Paris, Brussels, Bangkok, Turkey, Egypt etc.?”
“We have not seen an increase of sold travel insurances when traveling to these countries as a consequence of the recent terror attacks. We have however seen a decrease of sold travel insurances to these countries, but this is as a result of fewer people traveling to these destinations as tourists,” says Mark Bartram.
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