Conduct Business Overseas Confidently with Political Risk Coverage
In today’s global political climate, doing business overseas can be quite risky. Moody Insurance can provide you with the Political Risk insurance so that you can leverage opportunities abroad while having the peace of mind that you are well protected should something occur. We provide the following insurance plans.
Confiscation, Expropriation, Nationalization Insurance
Provides coverage for assets lost due to an act of a foreign government where that government has:
- Confiscated, expropriated or nationalized an asset
- Passed new laws that make foreign investment difficult
- Purposely destroyed assets
Coverage can also include payment for damages caused by political violence and the inconvertibility of currency as it relates to profits, dividends and loan repayments.
Wrongful Call of Guarantee
Provides coverage for the wrongful or “rightful” (when applicable) calling of performance bonds, retention bonds and other bonds posted to do business in a foreign country. Also provides coverage for wrongful calls by a government, and calls by private entities due to political events.
Contract Frustration
Provides coverage for overseas trade and sales contracts which stop performing due to a political event, including:
- Implementation of trade embargos
- Unilateral termination of contracts by governments
- Nonpayment by governments
- Force Majeure related contract terminations
- Nonpayment by private entities
- Cancellation of import/export licensing
- Non-transfer of currency
This description of coverage is not an insurance contract. Your policy is the contract that specifies and fully describes your coverage. Conditions and exclusions will apply. Not all coverage described is available in all states.