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TRIA is limited to commercial property and casualty insurance. It does not cover losses in health or life insurance, nor does it cover losses in personal property lines, such as homeowners insurance.

The term “insurer” is defined under TRIA to include all licensed insurers in the U.S. as well as surplus lines insurers.

The Terrorism Risk Insurance Act (TRIA) created a temporary federal program that provides for a transparent system of shared public and private compensation for certain insured losses resulting from a certified act of terrorism.

A commercial terrorism policy covers damaged or destroyed property—including buildings, equipment, furnishings and inventory. It may also cover losses associated with the interruption of your business. Terrorism insurance may also cover liability claims against your business associated with a terrorist attack.

What type of insurance is provided by the Terrorism Insurance Program established by TRIA? Commercial property and casualty(TRIA, the Terrorism Risk Insurance Act, provides for a Terrorism Insurance Program.

Losses are only covered by a terrorism insurance policy if the U.S. Department of the Treasury officially certifies an event as an act of terrorism. This requires that the act be violent and be driven by the desire of an individual or individuals to coerce U.S. civilians or government.

The Terrorism Risk Insurance Act (TRIA) created a temporary federal program that provides for a transparent system of shared public and private compensation for certain insured losses resulting from a certified act of terrorism.

TRIA requires insurers to make terrorism coverage available to commercial policyholders, but it does not require insureds to purchase it.