Question
Insurance against financial risks under agreements with offshore companies.
Is it possible?
Maybe you could advice a company that deals with it.
thanks
Answer
What's the LEGAL question?
Answer
[quote]Originally posted by RON777
[b]Insurance against financial risks under agreements with offshore companies.
Is it possible?
Maybe you could advice a company that deals with it.
thanks
**A: what the heck are you talking about? As ALawyer posted, what is your question? You deleted your state name so even if you posed a question we couldn't help you. Are you currently offshore?
Answer
Sorry.....
I'm not a lawyer.
Our company (offshore), located in Delaware, USA, is going to have transaction with a company(not offshore, USA located) and we would like to learn whether it can be insured against financial risks. So far we haven't found out whether it's possible and legal or not......
if you could help, please do it
Answer
As a legal matter, it IS pefectly legal for an American company to buy insurance covering risks involved in otherwise lawful commerce. (If you were to be buying cigars from Cuba, or oil from Iraq, or selling arms to North Korea, it is likely that as the transactions are illegal, insurance against loss from engaging in the transactions would be against public policy.)
You can buy that insurance from any US based insurance company that provides it, or from a foreign insurance company. Ask your broker or if you don't have a big one, a firm like Marsh or AON.
Answer
ALawyer - Thank you!