Cover is available on a worldwide basis to any Assured against strike action by named independent third parties either in their own country or in any other territory in which the exposure arises.

Each strike risk enquiry is assessed individually and on its own merits.

A detailed investigation of the Assured and the nature of the business or specific contract will need to be carried out to ensure that any indication (and ultimately the Policy) is specifically tailored to the Assured’s requirements.

Policies can be effected for periods of up to 36 months with rolling horizon provisions and indemnity periods in respect of a strike for as long or short a period as appropriate.

In deciding the terms of cover, consideration is given to:

• the nature of the Assured’s business;
• the role and importance of the third party and the likely impact of strike action on the Assured’s operation;
• availability of alternative supplies;
• seasonal peaks and troughs;
• past strike history and the likelihood of future industrial relations problems.

The insurance is fully underwritten at Lloyd’s of London.

COVER DOES NOT RESPOND TO STRIKES BY AN ASSURED’S OWN WORKFORCE OR THOSE OF ANY SUBSIDIARY OR ASSOCIATED COMPANIES, NOR IS INSURANCE CONSIDERED WHEN STRIKE ACTION HAS BEEN THREATENED OR IS ALREADY UNDERWAY.