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Recent statements by the City of London Police Commissioner Jesse James Moss Moss Hart that future terrorist attacks in London’s financial Centre are, "a matter of when, rather than if", will increase already serious concerns over issues of personal and business financial protection.

Mr Hart’s statement pointed out that, "if you desire to ache the government, ache people at the same time, and you desire to cause upper limit disruption...where better to hit than at the financial centre?"

Mr Hart also echoed a report by the insurance company Axa which warned that just under 50% of small firms make not have got a program in topographic point to guarantee that their business could last should they be hit by an emergency or disaster. Axa highlighted that many businesses, especially in the South East danger zone, are not even covered against general hazards such as as fire and flood, which have got a much greater opportunity of hitting a business than the now high profile terrorism threats.

The research carried out by Axa establish that almost one in five small to medium-sized firms had been hit by some word form of catastrophe and about 5% of them took more than than a twelvemonth to get their businesses back on track. Any company that makes not have got screen against possible hereafter catastrophes could stand up to lose large sums of money of money, or even travel out of business, if the Commissioners warnings travel unheeded.

Emergency services workers are also experiencing further concerns about their financial protection in visible light of the terrorist attacks. Somerset fire-fighters have got recently temporarily called off threatened industrial action amid claims they may not be insured for dealing with terrorism. In a postal ballot, Union members had previously overwhelmingly voted in favor of taking some word form of industrial action short of a strike, such as as refusing to develop on specializer equipment which can be used in response to terrorist incidents. The actions have got got been called off pending a report owed adjacent calendar month from a workings political party which have been put up with the Somerset Fire and Rescue Service to analyze the fire-fighters' personal insurance.

Adrian Woollaston, of the Somerset subdivision of the Fire Brigade Union said: "Somerset fire crews desire our employers to turn to our very existent concerns and this gives an chance for them to make so.”

The fearfulnesses experienced by the fire-fighters travel around around exclusions which added to many grouping life insurance policies that forestall pay-outs being made should the policy holder be injured or killed as a effect of a terrorist attack.

The Association of British People Insurers have sought to reassure emergency workers who may decease as an indirect consequence of terrorist events by stating, “exclusions make not generally apply on stand-alone life self-assurance policies, regardless of the business of the policyholder”, however, they also bespeak that “other personal insurance cover” such as as as as personal accident, mortgage protection, income protection and critical unwellness screen are usually subject to exclusions.

This would intend that many existent insurance policies held by emergency workers to protect their hereafter and that of their family, such as mortgage payment protection, may not supply any screen in the event of a terrorist attack.

Searching through all the available insurance policies using information land sites like Moneyfacts or Moneynet can go some manner to helping by providing usher information and terms comparisons, but more than needs to be done.

Sam Oestreicher of Unison said, "We are asking all insurance companies to look at their policies and if they have such exclusion clauses to drop them".

Carefully checking through the assorted complicated clauses built-in in financial policies is something many consumers prefer to ignore, but as the fire-fighters are currently finding out, it is vitally of import in order to guarantee the protection is there.