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 five years
- Minimum premium of $10,000
*Non-cancelable limits: subject to policy terms and conditions, after issuing the policy the insurer may not unilaterally reduce any country or buyer limits, except for non-payment of premiums.