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Life Insurance Providing Little Protection from Terrorism 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 favour of taking some form of industrial action short of a strike, such as refusing to train on specialist equipment which can be used in response to terrorist incidents. The actions have been called off pending a report due next month from a working party which has been set up with the Somerset Fire and Rescue Service to study the fire-fighters' personal insurance. Adrian Woollaston, of the Somerset branch of the Fire Brigade Union said: "Somerset fire crews want our employers to address our very real concerns and this gives an opportunity for them to do so." The fears experienced by the fire-fighters revolve around exclusions which added to many group life insurance policies that prevent pay-outs being made should the policy holder be injured or killed as a result of a terrorist attack. The Association of British Insurers has sought to reassure emergency workers who may die as an indirect consequence of terrorist events by stating, "exclusions do not generally apply on stand-alone life assurance policies, regardless of the occupation of the policyholder", however, they also indicate that "other personal insurance cover" such as personal accident, mortgage protection, income protection and critical illness cover are usually subject to exclusions. This would mean that many existing insurance policies held by emergency workers to protect their future and that of their family, such as « Previous Page « » Discuss it (all 6) » Continue Reading »
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