Political Risk

Expanding into foreign markets produces additional risks that you may not be able to handle. Do you have the staff to collect debts internationally? Do you speak the local language? Do you understand the workings of the legal system should you need to take the debtor to court?

A political risk insurance Underwriter has contacts in all foreign markets and understands the local language and legal systems. They can help you develop profitable business in foreign markets.

A standard credit insurance policy can be expanded to cover additional political risks.

Specific events covered by the political risks policy are:

• Inconvertibility of currency and inability to repatriate dividends.
• War revolution or insurrection causing non-payment, loss of use and physical damage of investments.
• Cancellation of import or export licenses.
• Default by a public buyer.
• Rightful and wrongful calling of bid, performance, or advance payment bonds.
• Arbitrary government action including expropriation, nationalization or confiscation, expropriation and nationalization.

We would be happy to help you.  Please feel free to contact us in one of our Ontario offices (Ottawa, Toronto) our Québec (Montréal) office or in our British Columbia (Vancouver) office.