The increasing number of reports of violent attacks in certain regions has aroused growing concerns about the threat which such attacks could mean to a business’ continued operation. While Hong Kong companies (and other companies purchasing their insurance through the Hong Kong market) have generally not been directly targeted, businesses should still consider the risk to their operations as a result of collateral damage from an event, especially businesses with overseas operations.

With no control over the timing, severity and location of such events, a risk mitigation strategy of safeguarding against the risk by taking out appropriate insurance on property and resulting lost income, could mean the difference between minimising losses and irreparable damage to the organisation.