• Facets (new session)
• Description
• Metadata
• Settings
  • owl:sameAs
  • Inference Rule: b3sb3sifpfacetshttp://www.w3.org/2002/07/owl#ldpleak:rulesoplwebskos-transvirtrdf-labelNone
    

Political risk insurance is a type of insurance that can be taken out by businesses, of any size, against political risk—the risk that revolution or other political conditions will result in a loss.Political risk insurance is available for several different types of political risk, including: Political violence, such as revolution, insurrection, civil unrest, terrorism or war; Governmental expropriation or confiscation of assets; Governmental frustration or repudiation of contracts; Wrongful calling of letters of credit or similar on-demand guarantees; Business Interruption; and Inconvertibility of foreign currency or the inability to repatriate funds.As with any insurance, the precise scope of coverage is governed by the terms of the insurance policy.The underwriting of political risk insurance is a dynamic, growing business.