Force majeure can be defined as an event that is unforeseen or, if foreseen, unavoidable. If left uninsured, the occurrence of a force majeure event can have a negative impact on a business' bottom line.

We can arrange risk transfer for contractual and general force majeure risks.

Contractual force majeure

Cover responds to the financial consequences of a force majeure event, as defined in a contract, that trigger cancellation or voiding of a contract.

Examples include:

• Delivery contracts
• Construction contracts
• Project cargoes

General force majeure

Cover responds to the financial consequences of a force majeure event (beyond the control of the business) as defined in the insurance contract, that has an impact on the corporate bottom line.

Examples include:

• Leisure industry (hotels, travel agents, theme parks)
• Energy industry
• Any business with an identified bottleneck, such as key supplier, single access route

Insured interests can include:

• Debt repayment
• Loss of profit
• Loss of tax credits due to missed deadlines
• Loss of revenue
• Addition and / or increased costs of working
• Out of pocket expenses
• Costs of executing contingency plans

Proposal form

To download a proposal form, click here.