Benefits of Foreign/Political Risk insurance

The key benefits of a Foreign/Political Risk insurance policy include but are not limited to:

• Protection against losses caused by political instability or violence, including expropriation of assets, nationalization, and currency inconvertibility.
• Coverage for losses resulting from a business interruption caused by political unrest or conflict.
• Protection against losses arising from contract frustration, such as when a foreign government suspends or revokes a license needed to do business in that country.
• Coverage for kidnap and ransom expenses.
• Assistance with crisis management, including providing secure communications, evacuation services, and financial assistance.

Foreign/Political Risk insurance is especially important for enterprises that are entering new international markets for the first time or that are significantly expanding operations into a foreign nation.

Creating a New Foreign/Political Risk Policy

Building a Foreign/Political Risk insurance policy that provides adequate protection while remaining cost effective can require analyzing offerings from multiple carriers. Our team has experience building such policies, and we are ready to put our experience to work for your enterprise. Contact us directly at the number above or by clicking on the link below.