Product launch: Aon water utility product

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The broker said Water Resilience Insurance provided compensation not only in the event of malicious water tampering, accidental contamination and extortion, but also took into account real-life scenarios not typically covered.

It said these included costs involved when a 'boil notice' or 'avoid consumption notice' had to be issued, and the subsequent losses to a water utility including goodwill payments and alternative mass distribution including providing bottled water to vulnerable customers.

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