Strikes, Riots, and Civil Commotion
AIG provides worldwide cover for SRCC. We can offer protection against property damage and business interruption losses sustained during a committed action by a group of people to disturb the public peace for political purposes or motivations.
Previous events to have triggered SRCC policies include:
- Riots in Chile (2019/2020) Chilean protests, known in Chile as "Estallido Social", were a series of massive demonstrations and severe riots with greater impact in the main cities in response to the rise of Santiago metro subway fare, resulting in significant
- Riots in Mexico (January 2017) following a rise in fuel prices, resulting in looting, property damage, and business interruption.
- Riots in Haiti (March 2018) during which a hotel and other industrial properties were targeted by local civilians resulting in significant property damage.
AIG has the capacity to provide up to $200 million in cover.
|Physical damage||Damage to business property as a result of strike or riot action caused by civilian protest.|
|Business interruption||Cover for loss of income resulting from strikes, riots or civil commotion.|
|Extra expense||Cover for additional costs in excess of normal operating expenses that are incurred to continue operations while property is repaired or replaced.|
|Clear and comprehensive wording||A clear wording which details exactly what is covered and excluded and that clearly defines triggers for cover.|
Who is it for?
From Medium to Large, Regional, & Multinational enterprises