Insurance against damage caused by military incidents
What is insured?
Losses caused by military aircraft or drones, their parts, debris or cargo, upon impact or explosion.
Damage caused by rockets, projectiles and other explosive objects or their fragments, including as a result of the shock wave.
In what circumstances would cover for the risk of military incidents be useful?
As a result of military operations taking place in a neighbouring country, drone debris falls onto Latvian territory, damaging the roof and windows of a commercial property.
A drone crashes near a commercial property, and the shockwave damages the property’s fence, the building’s glazing or façade.
When is insurance against military risk incidents valid?
Why insure a business against potential losses caused by a military incident?
Even a distant military incident can completely paralyse production. Restoring business operations in such a situation requires financial investment and time. Insurance helps to cushion this blow and enables the business to return to the market more quickly.
Warehouses and logistics centres are exposed to heightened risk. Even a single military incident can paralyse the supply chain. Insurance provides the financial stability needed to swiftly restore logistics flows and fulfil commitments.
Local shops, cafés and offices are the lifeblood of their regions. Damage caused by military incidents can result in heavy losses and bring business to a standstill. Insurance will help businesses recover more quickly.
Frequently asked questions
At customer service centres or by contacting one of BTA’s sales specialists, let them know that you wish to add the ‘Military Risks’ cover to your policy
Yes. If you already have a valid commercial property policy, you can purchase the ‘Military Incidents’ risk as an additional cover.
It covers losses if commercial property is damaged as a result of a military incident, for example, by a falling drone or rocket debris, or as a result of an explosion.
If the equipment is also insured under the commercial property insurance policy, then the cover will extend to it as well.
No. This is not a separate insurance policy; it is an additional risk covered by commercial property insurance.
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