The evolution of geopolitical events has resulted in ongoing instability for businesses across the globe. This can mean significant interruption to business, as well as physical, financial and human loss.
In today’s international landscape, what was previously seen as a ‘nice to have’ additional cover, is now critical for businesses and remains at the fore front of the insurance purchasing list for risk managers. We can offer your clients comprehensive, market-leading global political violence and terrorism coverage, backed by our high rated security1 through either company market or Lloyd’s of London platform.
A Seasoned Protection Partner
Whether it’s a strike or riot, insurrection or sabotage, your clients deserve coverage that addresses these risks. A highly-regarded market leader, The Hartford has the knowledge and expertise to provide certainty in uncertain times with standalone bespoke protection to meet the ever-changing needs of terrorism threats. Our clients have access to:
- Standard market and bespoke policy wordings
- Specialized, dedicated underwriters with global capabilities and appetite
- Cover on a primary, excess or difference in conditions (DIC)/limits basis
We also benefit from having a Country, Credit and Economic Research team who can help your clients and/or stakeholders better understand the geopolitical and economic landscape. They formulate thematic global views on the outlook for macroeconomics, sovereign stress, sectorial risks, political violence, and geopolitics.
Our clients range from smaller companies with single asset exposure to multinational companies with global exposures. The Hartford is able to offer USD50 million (or equivalent in-local currency) of capacity on any one risk. We will consider coverage on either a primary or an excess basis to best suit your client’s needs.2
- Construction and Builder’s Risk
- Real Estate and Offices
- Educational Assets
- Financial Institutions
- Fortune 500 companies
- Energy – Oil and Gas, Power and Utilities
- Pharmaceutical and Chemical facilities
- Aviation and Transport Hubs, Ports and Terminals
Just as critical as the coverage we provide, our dedicated claims team understands the importance of handling claims proactively and with integrity. With extensive experience in dealing with complex property damage and business interruption claims, our claims professionals, located in Shanghai and London, offer support across time zones, with multi-jurisdiction experience but always with local empowerment and a customer-centric focus.
Credit and Political Risk Insurance
The Hartford also offers political risk insurance which covers expropriation, confiscation, nationalization and deprivation, currency inconvertibility amongst other perils. Learn more about The Hartford’s Political Risk at https://www.thehartford.com/cpri.