Insuring political risks.

Coverage under (Stock Exchange) Fire Insurance

The applicable terms and conditions (VMZB 2021) state that the following is insured with regard to terrorism, political risks and violence:

• Work strike
  • A number of employees in a company, jointly or only partially, do not perform the legitimately assigned work.
• Riots or riots
  • Incidental (collective) acts of violence.

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Excluded from (Stock Exchange) Fire Insurance

The applicable terms and conditions (VMZB 2021) also state that the following are precisely excluded and therefore not insured with regard to terrorism, political risks and violence:

• uprising
  • Organized violent resistance within a state that is directed against public authority.
• Domestic riots
  • More or less organized violent acts that occur in different places within a state.
• Riot
  • A more or less organized, local violent movement directed against public authority.

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Terrorism insurance

In particular, the “Revolt” and “Revolt” exclusions involve violent actions directed against the state or public authority.

Unfortunately, there is a trend that almost all peaceful demonstrations result in acts of violence against the state or public authorities.

The Dutch Terrorist Damage Reinsurance Company (NHT) also does not offer coverage for this.
In addition, the following terms and restrictions apply:

• Up to EUR 1 billion per calendar year
• Up to EUR 75 million per location (no index)
• EUR 7.5 million market franchise
• The benefit only follows after 2 years and 4 months

For a detailed explanation, please refer to frequently asked questions and when turn off the NHT and how does the NHT work

To cover these gaps or insure the consequences of a terrorist attack, you can opt for terrorism insurance. You can fill this out in various ways:

1. Sabotage & Terrorism insurance, which explicitly excludes the Beursbrandvoorwaarden (VMBZB 2021), insures you separately;
2. Expand Sabotage & Terrorism insurance to include: strikes, riots and
   civil disobedience (SRCC = Strikes, Riots & Civil Commotion)
3. Political risk insurance; this insurance covers the consequences of:
   Sabotage & Terrorism, strike, riots and civil disobedience as well as rebellion,
   rebellion, revolution, mutiny, coup, civil war, war.

If you would like to discuss this further, please contact your account manager or Kröller Boom specialists.

Sources consulted: Liberty Specialty Markets, NHT.