This coverage is typically part of Contract Frustration policies to insure fair and unfair calling of bid, advance payment or performance bonds related to trade transactions. Coverage is available on both government-owned (fair/unfair calling) and private obligors (fair calling for specified political risks only).
- Non-cancelable limits during the policy period
- Up to 90% coverage
- Tenor of up to seven years
- Minimum premium of $20,000
- Financial Institutions
- Financial Institutions - As Loss Payee