Terrorism: Insurance
The question
To ask the Chancellor of the Exchequer, whether existing (a) insurance and (b) reinsurance mechanisms cover (i) subsea cabled and (ii) other off-shore assets in the event of a terrorist attack.
Answered by Emma Reynolds
The owners or operators of subsea cables and other off-shore assets are responsible for the insurance of their assets.
There is a wide variety of insurance products available in the UK market, including from speciality insurers. The government would always recommend the companies shop around, or engage the services of a specialist broker, to ensure they can access the cover they need at the best price.
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