to protest police brutality and racial discrimination. The report looked at some recent examples of civil unrest around the globe, including last year’s Black Lives Matter (BLM) protests after the murder of George Floyd, and their effect on insurance policies. It is also critical for companies to understand the limitations and exclusions which can affect the coverage of SRCC losses, as well as the specific risk exposures during events of civil unrest that will have an impact on their business. “Now more than ever, insurance policies covering losses caused by civil protests and political uprisings need greater clarity and transparency in order to provide the coverage and certainty that clients demand.” “It is critical for risk managers and business leaders to be aware of how the risk spectrum is evolving and the consequential effects this will have on their insurance programs,” the report said. “To prepare for the potential damage and disruption caused by civil unrest, risk managers need to ensure bespoke insurance programmes are in place to protect their balance sheets and international assets,” it affirmed. The first step in planning for SRCC risks is to identify which insurance programs provide the appropriate coverage, the report recommended. The report aims to help reduce the risk of contested claims and to ensure that risk managers, their businesses and assets are protected adequately through clear and understandable SRCC insurance covers.
