December 13, 2017


Foreign Package


Third Party

  • General Liability
  • Employer's Liability
  • Business Travel Accident
  • Automotive Liability
  • Foreign Voluntary WC
  • Kidnap, Ranson, & Extortion

First Party

  • Property and Business Income
  • Political Risk
  • Cargo
  • Crime


Kidnap, Ransom, & Extortion


What's Covered

  • Kidnapping or Alleged Kidnapping for Ransom
  • Bodily Injury Extortion
  • Property Damage Extortion
  • Trade Secret Extortion
  • Computer Virus Extortion
  • Product Extortion
  • Detention
  • Hijack

Extentions Available

  • Emergency Evacuation
  • Recall and Destruction
  • Business Interruption
  • Loss of product
  • Threat Expense
  • Child Abduction

What's Paid

  • Ransom Amount
  • Loss in Transit
  • Crisis Management Expense
  • Personal Accident
  • Legal Liability

 Broad Additional Expenses

  • Consulting Fees
  • Travel and Accommodation
  • Salary Reimbursements- Reward
  • Personal Financial Loss
  • Interest on Loans
  • External Security
  • Rest and rehabilitation
  • Psychiatric Care
  • Medical Expense
  • Job Retraining



Business Travel Accident


Pays For

  • Accidental Death  & Dismemberment
  • Emergency Medical Repatriation
  • Emergency Accident & Sickness Medical Expense
  • Repatriation of Remains (Limit Each Person)

Provides Assisstance

  • Emergency Medical Services
  • Information  Pre-Trip and During Trip
  • Medical and Political Security Monitoring
  • Personal Travel Assistance to resume travel
  • Legal Assistance- referrals and bail


Political Risk


Confiscation, Expropriation, and Natonalization

  • Confiscation, expropriation, nationalization by the host government
  • Seizure, requisition or willful destruction by the host government
  • Expropriation or deprivation by the host government causing a foreign enterprise to default
  • Currency inconvertibility

Deprivation

  • Refusal or failure of the foreign government to permit the export of the insured equipment
  • Confiscation, expropriation, nationalization, seizure, restraint, or requisition of the asset by the host government

Trade Credit

  • Default by obligator(s) on the basis of either;

–         Single contract or project

–         Whole turnover covering multiple obligors


Contract Frustration for Exporters and Importers of Goods and Services

  • Contract repudiation or termination by a government entity
  • Cancellation of import or export licenses
  • Imposition of import or export embargo
  • Frustration of the contract due to war
  • Failure of a government buyer or employer to certify invoices
  • Non-transfer of currency amounts advanced due to be refunded
  • Deprivation of insured goods

On-Demand Calling of Bonds

·         Calling of the bond by a government entity where the insured has given no contractual cause for such a call

·         Calling of a bond where the assured is directly prevented from a performance of a contract as a result of

*Cancellation of import or export embargo *Imposition of import or export embargo *Frustration of contract due to war


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