Terrorism Insurance Are You Covered?

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Prior to September 11, 2001, terrorism insurance was widely provided by insurance carriers under general insurance programs. However, those attacks forever changed the insurance landscape since insurance providers were forced to pay out more than $31 billion in claims for property loss, business loss, loss of life, disability, and workers compensation. For business owners, it pays to understand the Terrorism Risk Insurance Act (TRIA) and your insurance contract.