Deposits required under local legislation to be made by insurers in overseas countries for the protection of locally based policyholders.

The ECGD provides political risks cover against expropriation, war and restrictions on remittances. Breach of contract cover is also considered case by case. Cover protects investors in terms of equity in, or loans to, foreign enterprises. Bank portfolio loans cover is also available to banks in support of bank lending to overseas projects where there is no UK sponsor or UK export. The initial duration of ECGD cover is 15 years.

A public liability policy extension indemnifying any director or employee (including family members) of the insured during temporary visits anywhere in the world on the insured’s business. The extension applies to ‘off duty’ activities outside the scope of the main indemnity clause.