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CONTRACTORS

Companies constructing and operating infrastructure projects overseas often have large financial exposures due to the specialized mobile assets and equipment required on-site. Their assets can be seized by the host government or damaged by political violence in the area. Political violence may force contractors to evacuate a country leaving valuable equipment behind. After a project is completed, a contractor may be prevented from re-exporting equipment for use outside of the host country. In each of these cases, the contractor's income and physical assets are at risk.

 

CFS International can help arrange insurance for contractors which provides protection against these country risks. Wrongful calling of unconditional and irrevocable guarantees insurance is also available.