|
Goods in Transit/Cargo: Covers good in transit against all related risks including damage or loss due to crashes through to loss due to terrorism. Key issues for Iraq is availability of cover, it is not available unless the cargo is protected by a recognised security company or military escort.
Contractors plant and equipment and other mobile assets: Equipment, machinery and other mobile assets taken into challenging environments at the contractor's own risk, will need political risk insurance covering physical loss or damage due to political violence (from malicious damage, through terrorism to war), abandonment, confiscation and expropriation and inability to re-export the equipment on the completion of the contract. Currently the London market is only offering the political violence part of the cover, confiscation etc is not available.
Property Damage due to Political Violence: This is the only effective cover for property but is scarce in its availability. Really only available for clearly low risk locations such as hospitals.
Marine hull and war risk: Covers ships and vessels against standard and 'War Risks' while operating in Iraqi waters. Specialist underwriters are able to provide cover for hull and machinery, war risks and P+I.
Aviation hull and war risk: Covers aeroplanes and helicopters against 'All Risks' ie crashing due to engine trouble and 'War Risks' while operating in Iraqi airspace.
Cargo insurances: For land, sea and air transit are all available.
|
