Should businesses start preparing for Martyn’s Law?
The government recently published the draft Terrorism (Protection of Premises) Bill, which will require publicly accessible premises to increase efforts to mitigate against terrorism risk.
Currently, there is a limited legislative requirement for organisations operating in public places or spaces to consider or employ security measures to specifically address terrorism risk to their staff or customers.
A study by the FSB in 2022 reported that only 4% of small businesses had purchased terrorism insurance, leaving the majority at risk of uncoverable losses in the event of an attack. Alarmingly, many business owners admit to having no business continuity, disaster recovery or crisis management plans in place at all.
For further information on Martyn’s Law Please see the following resources: