Political risk insurance can be taken out by businesses, of any size, having operations in countries in which there is a risk that revolution or other political conditions will result in a loss.

Political risk insurance is available for several different types of political risk, including (among others): Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of catastrophic financial loss. ...

• Political violence, such as revolution, insurrection, civil unrest, terrorism or war;
• Governmental expropriation or confiscation of assets;
• Governmental frustration or repudiation of contracts;
• Wrongful calling of letters of credit or similar on-demand guarantees; and
• Inconvertibility of foreign currency or the inability to repatriate funds.

As with any insurance, the precise scope of coverage is governed by the terms of the insurance policy. The storming of the Bastille, 14 July 1789 during the French Revolution. ... Terrorist redirects here. ... A war is a conflict between two or more groups that involve large numbers of individuals. ... A contract is a legally binding exchange of promises or agreement between parties. ... After a contract is concluded between buyer and seller, buyers bank supplies a letter of credit to seller. ...

While political risk insurance policies are sometimes manuscripted for specific situations, the major political risk insurers have standard forms for the coverages that they issue. A manuscript (Latin manu scriptus, written by hand), strictly speaking, is any written document that is put down by hand, in contrast to being printed or reproduced some other way. ...

References

• K C Mishra. "For political risk, insurance isn’t all", Rustomjee, Diligent Media Corporation, May 5, 2006. Retrieved on 2006-07-17.

May 5 is the 125th day of the year in the Gregorian Calendar (126th in leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... July 17 is the 198th day (199th in leap years) of the year in the Gregorian calendar, with 167 days remaining. ...

External links

• pri-center.com World Bank Group (MIGA) information portal web site providing free access to online political risk management and insurance resources.
• Daniel Wagner. "Political Risk Insurance in Asia: Who Purchases It, Where, and Why", International Risk Management Institute, July 2002. Retrieved on 2006-07-17.
• ARI Global Specialty Broker of Accounts Receivable Insurance
• Rycroft Information site about aspects/types of credit insurance, costs, jargon, policy structures, benefits....
• PMA Credit Insurance Consultants Independent UK Specialist Credit Insurance Broker