TERRORISM – IS YOUR FIRM PREPARED?

Many UK businesses are ill-prepared for handling a terrorist incident even though the government has maintained a high state of alert. The chances may be small, but the impact could be devastating, and there are simple steps that a company can take to become more resilient.

“This war, like other wars, must end,” Barack Obama declared in May during a set-piece address on terrorism. “That is what history advises. That’s what our democracy demands.”

He was speaking shortly after the shocking attack on the Boston Marathon in April and the failed conspiracy in Canada at about the same time, both of which reminded the world that terrorism continues to be a serious threat – and that you cannot predict when and where it will take place. In the long run, the president may be right and the problem will one day be overcome, but terrorism is not a threat that can be talked away, as he himself was soon to discover.

At the time of writing, the US, UK and other western countries have recently closed many of their embassies and advised their citizens to stay away from certain countries following reports of planned Al-Qaeda activity. The World Economic Forum’s eighth report on Global Risks (2013), where it examines threats on a twin axis of impact and likelihood, continues to put terrorism towards the higher end of the risk spectrum. At an international level, terrorist activity has been rising steadily over the past decade.

Oct-Dec 2013 Issue

Pool Re