Political risk policies insure against losses due to named political events usually including foreign currency transfer risk; cancellation of an export license or authorization to export; cancellation of an import license or authorization to import; war, hostilities, civil war, rebellion, revolution, or civil commotion; requisition, expropriation, or confiscation of your buyer’s business by a governmental authority; confiscation, expropriation, nationalization, and deprivation of mobile assets.

Political Risk Policies

Most of FCIA’s policies for companies can be written to cover specified political risks only.   These policies insure against losses due to named political events usually including:

  • Foreign currency transfer risk
  • Cancellation of an export license or authorization to export
  • Cancellation of an import license or authorization to import
  • War, hostilities, civil war, rebellion, revolution, or civil commotion
  • Requisition, expropriation, or confiscation of your buyer’s business by a governmental authority
  • Confiscation, expropriation, nationalization, and deprivation of mobile assets

While political risk only policies are more restrictive in scope than our nonpayment coverages,  they can satisfy a particular risk management need and generally have lower premiums.  Please let your broker know if you would be interested in a political risk only coverage option.