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.

 

Cover

AIG has the capacity to provide up to $200 million in cover.

Features

Benefits
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