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Political Risks

We specialise in arranging and advising on political risks insurances for both shipping companies, banks and commodity houses seeking protection against various elements of 'country risk'.

Our Political Risks insurances provide coverage for losses that may be incurred when trading in regions such as South East Asia, the Middle East and Latin America.

We provide coverage for losses arising directly from seizure of assets or other action by foreign Governments, exposures to assets can be exposed to physical damage from politically motivated violence. We provide cover to protect vessels against losses due to confiscation, non-repossession or political violence.

For example, one of the events that political risks insurance cover includes ‘Contract Frustration’ where a contract can be frustrated or cancelled due to political actions over which companies have no control and they therefore suffer financial loss.

Our team of Political Risks brokers are committed to finding innovative solutions for country risks in order to provide coverage for our global clients.

 

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