Civil and political unrest and government reclamation have redefined how we think about the threat of terrorism and political risks. As government policy change and terrorists adapt their methods to inflict mass casualties, existing insurance arrangements are being challenged to provide the broad cover that businesses need to fill gaps in cover.

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Political Risk and Terrorism

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Challenging existing insurance arrangements to provide the broad cover that businesses need to fill gaps

Civil and political unrest and government reclamation have redefined how we think about the threat of terrorism and political risks. As government policies change and terrorists adapt their methods to inflict mass casualties, existing insurance arrangements are being challenged to provide the broad cover that businesses need to fill gaps in cover.

We have dedicated and specialist services encompassing all aspects of war, terrorism and political violence in the London and worldwide marketplace.

Our Products and Services

Coverage is available for multi-national programs, single territory placements and single location placements as follows:

  • Riots, strikes, civil commotion and malicious damage

  • Political violence including coup d’état, rebellion, war and civil war

  • Terrorism construction including delay in start up

  • Third party liability and employee liability

  • Loss of attraction and event cancellation

  • Forced abandonment of assets

  • Expropriation (host government theft) of mobile assets

  • Deprivation of assets (including export licence cancellation)

  • Comprehensive contractors’ plant insurance

  • Currency inconvertability or non-transfer

  • Political risk insurance for mobile assets covers the loss or damage to assets caused by political risk perils excluded from general insurance policies

  • A comprehensive contractors plant policy can cover single projects or multiple locations across one or more pre-agreed countries

Key Contacts

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Sam Rodda

Client Manager, Trade Credit Solutions

General Inquiries

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info.au@lockton.com

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