- Certain types of businesses may have a greater terrorism risk. Businesses with high profiles like hospitality, education, and transportation all have increased risks.
- Location of your business also should be considered. If you operate in a remote area you may have a reduced risk.
A Texas Business and Insurance Update It seems acts of terrorism are here to stay, and we hope that our leaders keep fighting and eliminating terrorism. Until that day, businesses need to be educated on how to manage all their risks—including terrorism. On Nov. 26, 2002, the Terrorism Risk Insurance Act of 2002 was signed into law, creating an impermanent federal program that requires insurers to make terrorism risk insurance available to businesses. The Act was renewed in 2015. How Do I Determine If I Need Terrorism Coverage? The decision to buy Terrorism Insurance is yours, but we want to help you make an educated decision.