and coverage should be tailored to meet the risk, whether it
is for nationalization, currency inconvertibility, license can-
cellation, war, or other situations. Other areas that should be
addressed are as follows:
• Deductibles and coinsurance
• Waiting period
• Rescheduling
• Warranties and exclusions
• Method of reporting of exposures
• Coverage for business interruption and protection of
profits
• Loss of market, delay
• Changes or fluctuations in currency, an area for which it
is becoming more difficult, if not impossible, to arrange
coverage
• Currency for claims payments
• War risks
Cost, which appears to be controlled by market condi-
tions, current economic and political situations, and qual-
ity of presentation, is typically a significant corporate ...