Abstract
This article discusses how protecting the nation's energy infrastructure is a rising priority, in the aftermath of the September 11th terrorist attacks. It advocates the need for real, federally guaranteed terrorism insurance in industries that are extraordinarily sensitive to future attack and that insurers are therefore reluctant to cover, such as the water industry. The article describes a method of reducing insurance costs by establishing a government and private enterprise partnership to reduce liability by promoting risk reduction programs. Legislation can grant a discount on insurance premium rates or provide for favorable deductibles and also limit liability for eligible businesses that establish a terrorism loss prevention program.
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