Best Assistance Mobile Application
x close

Nasco Gulf specializes in providing comprehensive and flexible insurance policies for all corporate insurance needs. Backed by personalized service and tailor-made policies with a cost-effective premium, Nasco has remained on par with the UAE’s phenomenal economic growth and its evolving needs.

 

The Nasco Gulf Team is passionate about their business; it is because of their dedication, integrity and professionalism, that we continue to achieve our goals. As we look into the future, it is essential to pay tribute to the founders of the Nasco Insurance Group, the Nader and the Karaoglan families. Without their vision, guidance and ambition, the dream would never have been realized.

 

We are proud to be the agent of Emirates Insurance Company, one of the leading insurers in the Gulf, and with whom we have enjoyed a long and prosperous association in the UAE.

+971 4 351 8610
Home Products Miscellaneous Political Violence
INSURANCE LINES
Motor Marine Cargo Travel Marine Hull Property Liability Engineering Miscellaneous
Workers’ Compensation Personal Accident Group Personal Accident Commercial Crime Political Violence Kidnap & Ransom Aviation Fine Art Event Cancellation In case of a claim FAQs
FOR YOUR INSURANCE NEEDS ABROAD, PLEASE CALL US
+971 4 351 8610
Political Violence

The rapid economic growth and modernization of emerging markets attracts companies looking to expand their business. However without risk, there is no reward, and companies need to protect themselves against the potential political, financial and reputational exposures of conducting business in these emerging markets.

Political risk insurance can provide the protection investors, financial institutions and corporate clients need to safeguard their investments in overseas markets against unpredictable losses due to specified political risk perils.

This policy is suitable for the following:

 

  • Corporations and traders with overseas investments  
  • financial institutions
  • specific projects
  • traders, exporters and corporations that have a repayment obligation from the sovereign or state owned enterprise
  • exporters and contractors who have mobile equipment
  • multi laterals and export credit agencies.
  • Contractors
  • aircraft financing and leasing companies
  • exporters
  • traders

 

Risks Covered

  • Political violence, such as revolution, insurrection, civil unrest, terrorism or war;
  • Governmental expropriation or confiscation of assets;
  • Governmental frustration or repudiation of contracts;
  • Wrongful calling of letters of credit or similar on-demand guarantees;
  • Business Interruption; and
  • Inconvertibility of foreign currency or the inability to repatriate funds.
  • Sovereign payment default
  • Strikes, Riots and Civil Commotions
  • Malicious damage
  • Non-repossession of aircraft and mobile equipment
  • Pre-shipment risks

 

Major Exclusions

 

  • Unexplained losses
  • War, terrorism and sabotage

 

Period of Insurance

The coverage is usually provided for a period of one year.

 

Deductible

The policy may have a time or a monetary deductible.

 

Presale and After Sale Services


We have a professional and experienced team of underwriters who can assist you:

 

  • in the proper understanding of insurance’s coverage
  • in answering your queries
  • in advising you on the information required by underwriters to quote terms
  • in completing the proposal form if applicable
  • in advising you on covers to meet your requirements

You must alert us of any accident that may lead to a claim covered under the policy, and our team of experts will assist you in the quick settlement of the claim.

 

Premium Rate

Premium rates are based on:

 

  • Values at risk
  • Geographical area involved
  • Security measures
  • Nature of Business

 

Important Information

Please note that for the easy understanding of the insurance policy, we have highlighted the important aspects. We will be glad to receive your queries and discuss the full set of policy terms, conditions and exclusions.

 

Call us as soon as possible, in case of an accident, and our team of experts will guide you through the claim process. For more information, please contact Nasco Gulf at +971 4 351 8610

USER'S AREA
Useful Links
TIPS
Dairy products are the best sources of calcium, but other options are green leafy vegetables (lettuce, spinach…)
EMERGENCY NUMBERS
+971 50 454 6974Motor Claims
+971 50 654 1510Motor Dept
+971 56 696 8867Marine Dept
+971 50 454 6972Non-Marine Dept
999/901Police
998/999Ambulance
997Fire Department
Stay updated
About Us  . Media  . Testimonials  . Disclaimer & Privacy Policy  . Site Map  .
Share
Nasco Gulf Insurance Agency LLC
Copyright © 2023