Political Risks

Political instability across the globe continues to be a threat to global businesses including their operations, assets, and people. Political risk insurance is available to provide protection to your organisation from decisions made by host countries that could adversely affect your business operations.

Political Risk Insurance

Political risk insurance protects your businesses, projects, and investments against any unfair political or government actions. It enables businesses to operate in countries that are prone to political uncertainty, and safeguards against such Government actions including but not limited to confiscation, seizure, expropriation, requisition for the title of use or willful physical destruction of property, deprivation and forced abandonment. The scope of cover can be extended to also include risks of war, civil war (declared or undeclared), a warlike action by a military force, insurrection, rebellion, revolution, and usurped power.

Political Violence Insurance

Political Violence insurance (which includes Terrorism & Sabotage) will cover physical loss or physical damage to your organisation’s property for which you are legally responsible, directly caused by one or more of the following perils:

  • Sabotage
  • Terrorism
  • Riot, Strikes and/or Civil Commotion
  • Mutiny
  • Rebellion
  • Insurrection
  • Coup d’état

Terrorism & Sabotage Insurance

Terrorism continues to evolve as an ongoing threat and since it is a standard exclusion under your commercial property policies, there is a standalone Terrorism & Sabotage insurance. This is recommended to protect your assets against political, religious, and ideological acts, sabotage as a subversive (rebellious & revolutionary) act or a series of such acts committed for political, religious, or ideological purposes including the intention to influence any government and/or to put the public in fear for such purposes. The scope of cover can be extended to include cover for damage to premises, business interruption, prevention, or restriction of access to premises and utilities, as well as loss of income. Additionally, coverage for strikes, riots and civil commotion can also be included.
With these, complex set of risks and a variety of coverage options available, it’s important for you to discuss with our trusted risk advisors, who have enough understanding of the market to provide and recommend appropriate coverage to suit your requirements.