Insurance against physical damage caused by terrorism
This is property insurance: see Property and Fire Insurance for guidance on risk location.
Terrorism general liability and terrorism employers’ liability insurance
These are liability insurance: see General Liability Insurance for guidance on risk location.
Global contracts
A global contract is an insurance contract insuring risks located in more than one country. See the guidance referred to above for details.
Premium apportionment
A global contract may give rise to regulatory and tax exposures in different jurisdictions. Compliance with these requirements requires the overall premium to be apportioned between the countries in which risks are located. Guidance on premium apportionment is provided here.
