Petro-Chem is a
recognized specialist in offering coverage for U.S.
companies operating in foreign countries.
Investing in infrastructure and facilities
in certain emerging markets countries raises
unique governmental risks.
Working with worldwide insurers and U.S. Government
agencies, we are able to structure novel programs to
protect
both U.S. and foreign activities. Our Political
Risk programs include such coverages as
the following, that may have
an impact upon a project or revenue stream:
- Confiscation
- Expropriation
- Nationalization
- Deprivation
- Contract
Frustration
- Exchange
Transfer Controls
- License
Cancellation
- Civil
War
In addition to worldwide coverage, Petro-Chem offers specialized Political Risk Insurance programs and expertise for investors in the important geographical areas of:
- Russia
- China and the Far East
- Mexico and all of Latin America
International Trade
Credit Insurance
Similar to Political
Risk Insurance, we offer Trade Credit Insurance for
those U.S. companies or their divisions trading
with corporations in foreign counties. It
addresses both Commercial Risk and
Political Risk causing non-payment by
Buyers.
Kidnap & Ransom
Insurance
Kidnappings,
extortion schemes and hijackings are faced by many
corporations' employees. Kidnap, Ransom
&
Extortion Insurance (K&R) can provide coverage
for such events through a combination of financial
indemnification and
expert crisis management. Coverage would include:
-
Coverage
for kidnap, detention, extortion and hijack
incidents -- foreign and domestic risks.
-
Payment of
consulting services, ransom/extortion monies,
legal costs, political repatriation, medical
expenses and other covered costs.
-
An
appointed Crisis Coordinator
