Through its proprietary policy called Homeland One, Intrepid Risk Solutions offers unique standalone property terrorism insurance products for domestic and international terrorism exposures. Homeland One is a broad policy form modeled after commonly used all risk policies. Coverage is for property damage to insured property and resulting business interruption, plus other extensions of coverage, all as a result of a terrorist attack.
Fire following, as a result of the terrorist attack, is also covered.
Coverage is available on a worldwide basis, except in countries and territories where prohibited by the U.S. State Department.
Coverage is provided by Lloyd’s markets and Lloyd’s security backs this product with the following ratings:
A.M. Best: A (Excellent). Stable Outlook
Fitch Ratings: A+ (Strong). Stable Outlook
Standard & Poor’s: A+ (Strong). Stable Outlook
Capacity of up to $400,000,000 is available. Additional open-market capacity in excess of Homeland One capacity is available for conventional attacks.
Homeland One is a highly versatile product with multiple placement options:
- As a substitute for traditional embedded TRIA coverage
- As a compliment to embedded TRIA coverage
- As a direct retail standalone policy
- As reinsurance for insurance companies and captives to reduce aggregate
exposures
Coverage can be placed on a primary, excess-of-loss or pro-rata basis.