Poll reveals reasons for not buying terrorism insurance

Right at the core of an insurance brokers remit is showing prospective policyholders the need for coverage - in other words, letting them know why they should go ahead and buy. Now a survey commissioned by terrorism reinsurer Pool Re has shone a spotlight on the other side of the equation, revealing businesses reasons for not taking out a policy.Citing data from Comres, which conducted the poll on behalf of the UK-backed mutual, a report by City A.M.named the following as among the issues: the expectation that their existing insurance covers terrorism-related losses, with 20% of respondents pointing to this reason; as well as the very small chances of the policy being claimed upon, with 22% seeing this as a reason not to get covered.