Political Risk Insurance
Political insurance can be taken up by any business, which may be large or small industries, or can be taken up by any other political condition that may result in loss. Political risk insurance is usually governed by the insurance policy companies.
political risk insurance has different types of political risk such as:
- Illegal business of documentary credit
- Government dissatisfaction or disclaimer of contracts.
- Political violence, such as insurgency civil disobedience, civil conflict, terrorism or war.
- Governmental expropriation or elimination of property.
- Inconvertibility of foreign currency or the failure to send back
funds.
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