What does Political Risk Insurance mean? Read on to discover the definition & meaning of the term Political Risk Insurance - to help you better understand the language used in insurance policies.
Political Risk Insurance
Specialized insurance for companies doing business or conducting operations in foreign countries. The insurance addresses the business exposures to loss faced by these companies as a result of governmental action either foreign or domestic. Types of exposures that can be covered under political risk policies include confiscation, expropriation, deprivation, nationalization, political violence, currency inconvertibility, contract frustration, and export credit.
We hope the you have a better understanding of the meaning of Political Risk Insurance.