Political Risk

When your clients operate across borders, politics becomes a business risk. From expropriation and contract frustration to currency inconvertibility and political violence, the impact of government action, or inaction, can be severe.

At Price Forbes, we help brokers protect clients investing, operating, or trading in emerging or unstable markets. Our political risk solutions are designed to give corporates, banks, and investors the confidence to expand internationally, backed by the strength of A-rated carriers across London, Bermuda, and key global markets.

We specialise in structuring long-tenor, high-limit policies that respond to the most complex geopolitical and trade exposures. Whether supporting infrastructure projects, lending facilities, or overseas assets, we work with brokers to build resilience into every deal.

Political Risk coverages


Our political risk solutions span public, private, and multilateral counterparties. Key coverages include:

  • Expropriation & Nationalisation
    Protection against partial or total loss due to government seizure, confiscation, or forced divestment.
  • Currency Inconvertibility & Transfer Restrictions
    Cover for the inability to convert or repatriate funds due to capital controls or foreign exchange restrictions.
  • Contract Frustration
    Covers losses from a government or state-owned entity breaching or cancelling a commercial contract.
  • Non-Honouring of Sovereign Guarantees
    Where a government fails to honour a guarantee provided to support a loan or investment.
  • Political Violence
    Damage or loss caused by war, civil unrest, terrorism, revolution, or insurrection.
  • Embargoes & Sanctions-Related Loss
    Coverage for trade-related disruptions driven by regulatory or geopolitical developments.

We place political risk on a short or long-term basis (up to 15 years), with custom limits, currencies, and jurisdictional nuances built into the programme.

Industries we support with Political Risk solutions


We work with brokers representing clients in sectors where international investment or exposure to state actors brings heightened political risk:

Key contacts

James Cunningham
James Cunningham
Managing Director, Head of Credit and Political Risks

Political Risk Insurance

Frequently Asked Questions

Yes. We structure cover for equity investors, lenders, contractors, and even multinationals operating via joint ventures or concessions.

We can structure Political Violence as part of a Political Risk policy or as standalone coverage depending on your client’s needs.

We regularly place policies from 1 to 15 years. Longer tenors are common for infrastructure, energy, and finance-related risks.

Yes. We can place coverage for the non-honouring of guarantees issued by sovereigns or multilaterals backing loan obligations.

We require information on the project, counterparties, contract terms, and geopolitical context. Our team helps shape this into a strong submission for underwriters.

Let's Talk

Our insurance experts are always on hand to talk about ways we can join forces to take on the future.