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 Posted: Tue Dec 30, 2008 9:35 am Post subject: political risk insurance for our business |
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Wow! You all seem to be a part of a pretty nice community!
Lets see if you all have the answer to my dilemma-
Does political risk insurance cover overseas business?
What else does it cover for?
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BurgerKingsize
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| Posted: Tue Dec 30, 2008 11:48 am Post subject: |
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There are risks associated with many of the overseas business houses as well as multinational banks. While some of those risks seem easier to the investors and lenders, the rest are quite tough.
These risks could be naturally classified as business risks and political risks. Business houses would resort to political risks insurance at managing risks inflicted by the govt. actions and protocols.
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anonymous00
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| Posted: Wed Dec 31, 2008 11:11 am Post subject: |
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PRI really comes to good use during wars, civil movements or terrorist attacks. The long term investments are usually covered by the national export credit agencies who are actually none but the public PRIs.
On the other hand the Pvt. PRIs are mostly operating over the developing or the developed nations.
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RedOxen
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| Posted: Wed Jan 28, 2009 5:12 pm Post subject: |
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| nice to hear of the political insurance. But what is the nature of it and upto what extent do it help. I mean do anyone recommend me to go for this type of insurance? How is it going to refund and what will be the criterions? |
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VIJAYRAJ
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Joined: 11 Dec 2008
Posts: 73
0.08 Dollars($)
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| Posted: Tue Feb 03, 2009 7:39 am Post subject: |
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The political risk insurance would certainly help anyone who’s into the trade. In the giving political situation coverage against the political risks has become all more relevant. It would cover you against the followings
Trade coverage: coverage against non-delivery, non-payment, cancellation of trade deed or license due to political disturbance, especially useful for traders into the export-import business.
Coverage against political violence: this would cover losses arising from war, riots, terrorism and the like.
The political risk insurance also covers losses from confiscation of the assets by the authority and non-convertibility of foreign currency.
This insurance is typically useful of businesses operating at various locations under different political conditions. And, at the growing rate of terrorist activities even the corporate operating domestically can be benefited from this coverage. |
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simon
Senior member
Joined: 28 Sep 2005
Posts: 550
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| Posted: Tue Feb 03, 2009 7:46 am Post subject: |
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| Different countries may have set different rules for the businesses to qualify for this coverage. Vijay, you may need to consult an agent regarding the qualifying criteria. Also, he/she would be able to guide you about appropriate coverage and price. |
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simon
Senior member
Joined: 28 Sep 2005
Posts: 550
93.55 Dollars($)
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