As an investor or export contractor, EFIC’s Political Risk Insurance – Plant and Equipment policy can cover you against loss of use or possession, damage or destruction of plant and equipment, where the loss of use or possession, damage or destruction was caused solely or directly by any of the specified political events.

Features

• Cover can be provided for plant and equipment that is owned outright by the insured.  Plant and equipment that are leased may be eligible for cover depending on the type of lease arrangement.
• An insured’s loss may be indemnified up to a level of 100% (subject to the insured assuming a first loss amount). 
• Policies are available for:
• a term of up to 10 years where the plant and equipment are used in an overseas investment; or
• a term aligned with the period of the contract where the plant and equipment are used in connection with an export contract.

Terms and conditions

Terms and conditions will be negotiated during the application process.  Our guidelines provide an indication of typical requirements.