Political Risks
In addition to trade related risks that at covered by Credit Insurance and related Political Risk eventualities, there are also risks to permanent or temporary owned or leased assets and property in situation in a foreign country.
These assets are at risk to riot, strike, civil commotion, change in law promulgated upon any Government, or caused by war, insurrection, military or usurped power, contract frustration, confiscation, expropriation, revocation or unanticipated changes in law or regulations licenses and agreements, embargos or customs restrictions or changes in excise duties that restrict commercial interests of the Insured.
All of these events can greatly affect the viability of your investment, activities and interests in the country concerned.
MARNIX are experienced in arranging these insurances and can advise you on the precise product and service you may require to suit your business needs.
Terrorism Insurance
This insurance covers the risk of physical loss destruction or damage arising from an act of Terrorism or Sabotage.
Terrorism is an act or series of acts of violence of any person or group(s) whether acting alone or in connection with any organisation(s) committed for political, religious or ideological purposes including the intention to influence government and/or to put the public in fear for such purpose.
This coverage can be extended to include Business Interruption arising from a Terrorism or Sabotage event and Third Party Liability arising out of or in connection with a Terrorism risk.
MARNIX have arranged many such policies and are experienced in assisting with this type of insurance and can advise you on the precise product and service you may require to meet your business needs.