Havrico Insurance places contractual cover for Political Risks, protecting your assets against:
- Damage from war, terrorism, civil unrest, strikes and riots
- Expropriation or confiscation of assets by authorities
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Political risks are a big concern when you maintain stocks or assets in a location where political stability is not guaranteed. Risks of war, strikes, riots, civil commotions, confiscation, nationalisation and license cancellation can have severe adverse consequences on your business.
Why an insurance?
The current state of geopolitical uncertainty is driving up demand for political risk insurance. Global corporations increasingly expand their businesses into emerging markets where eventual economic or social instability could disrupt their business plans, which makes political risk insurance a necessity. Furthermore a cargo insurance does not provide cover for the risks of war on land.
Havrico Insurance offers insurance solutions that protect both the foreign investments that companies make and their assets overseas. We provide our clients with own expertise and access to external intelligence.
Some of our products
Political Violence: cover against the Risks of War (War, Civil War, Revolution, Rebellion, Insurrection, Coup d’Etat), Mutiny, Strikes, Riots, Civil Commotions, Malicious damage & Terrorism.
Political Risks: cover against the Risks of Confiscation, Expropriation, Nationalisation & Deprivation; Forced Abandonment, Licence Cancellation, etc...
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Cargo insurance covers physical damage to or loss of your goods while being transported by any means of transport, during loading and unloading operations and while in storage.
This insurance provides coverage for liabilities as per contractual terms and international conventions, liabilities towards third parties and errors and omissions.
This insurance provides coverage for damage to the vessel & property of third parties, personal injury and death of persons, pollution etc.