Insurance

Insurance2017-10-29T23:14:21+00:00

Insurance is a powerful tool for any organisation managing risk in a complex environment. COSS’s security experts have decades of experience combining security services and insurance policies into cost-effective integrated packages. We can use our expertise and relationships with insurers at the world-leading Lloyd’s of London market to ensure clients have insurance products tailored to their needs.

We can assist in developing insurance solutions for a wide variety of risks, including:

  • People risk
    • Kidnap and ransom
    • Accident and health
    • Evacuation
  • Political risk
    • Terrorism, sabotage and political violence
    • Confiscation, nationalisation, expropriation and deprivation (CEND)
    • Currency inconvertibility and exchange transfer (CI/ET)
    • Contract frustration
  • Credit risk

Insurance is a powerful tool for any organisation managing risk in a complex environment. COSS’s security experts have decades of experience combining security services and insurance policies into cost-effective integrated packages. We can use our expertise and relationships with insurers at the world-leading Lloyd’s of London market to ensure clients have insurance products tailored to their needs.

We can assist in developing insurance solutions for a wide variety of risks, including:

  • People risk
    • Kidnap and ransom
    • Accident and health
    • Evacuation
  • Political risk
    • Terrorism, sabotage and political violence
    • Confiscation, nationalisation, expropriation and deprivation (CEND)
    • Currency inconvertibility and exchange transfer (CI/ET)
    • Contract frustration
  • Credit risk

Success stories

COSS’s experts were contracted by one of the world’s most prominent NGOs at the height of the 2006 Lebanon war. The client wanted to take relief supplies into Beirut by boat, but the high risks involved meant that no underwriter was willing to insure the vessel, preventing the mission from proceeding. Our experts liaised with their contacts in the Lloyd’s of London insurance market and found an underwriter who would insure the ship if the NGO agreed to follow our experts’ risk-mitigation advice. This was the sole condition, such demonstrates the strength of our experts’ reputation among Lloyd’s insurers. The client implemented all the suggested measures and was subsequently able to successfully purchase all necessary insurance and complete its mission.