The owners of the establishments who opt for terror cover for their assets and properties have to pay 10 per cent extra premium on their fire policy. While extending such cover, the insurance companies lay down a list of do’s and don’ts for the owners to ensure the security of their establishments. These include installation of close circuit cameras and metal detectors, arrangements for frisking of visitors, fitting electrical appliances which conform to certain safety specifications, installation of fire-fighting systems, ban on entry of anyone inside the establishment on holidays and arrangements for internal surveillance.

Vice-president of Ramada Hotel, Harishwar Dayal, said insurance cover against terrorism had become necessary with the increasing frequency of such incidents. “When the insurance companies are offering this cover, why shouldn’t one take it, given the fact that terrorism is a reality?”

Besides Oriental and New India, National Insurance Company and United India Insurance have brought out such policies, sources said.

Sudip Singh, deputy general manager of The New India Assurance, Kanpur region, said, “Some industrialists have come forward to take the terrorism cover.”