Business
Employee Benefits
Personal-Home, Auto, more
Life Health and Disability
Executive Protection
International
Professional Cleaning Services Program
Insurance Providers Specialty Markets
Claims

 

International Insurance

Political Risk
Protecting your balance sheet from acts of government

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.

 



©2014 MOODY INSURANCE WORLDWIDE
20251 Century Blvd | Suite 425 | Germantown, MD 20874
For questions regarding this web site, please contact the web administrator