Contract Repudiation Insurance
Protect your investments when foreign governments cancel or breach contracts. Coverage for concessions, licenses, procurement agreements, and sovereign guarantees.
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What is Contract Repudiation?
Contract repudiation occurs when a foreign government unilaterally cancels, breaches, or refuses to honor contractual obligations, causing financial loss to the contracting party.
Types of Covered Contracts
- Concession agreements for natural resources
- Build-operate-transfer (BOT) contracts
- Government procurement contracts
- Licensing and permit agreements
- Public-private partnership agreements
- Power purchase agreements
- Infrastructure development contracts
Covered Actions
- Unilateral contract cancellation
- Refusal to make agreed payments
- Imposition of onerous new conditions
- Failure to honor sovereign guarantees
- Termination without cause
- Breach of exclusivity provisions
- Non-renewal in bad faith
Key Benefits
Investment Recovery
Compensation for sunk costs, lost profits, and investments made in reliance on government contracts.
Arbitration Support
Coverage for legal costs when pursuing claims through international arbitration against sovereign entities.
Sunk Cost Protection
Recovery of development costs, feasibility studies, and preparatory investments when contracts are cancelled.
Protect Your Government Contracts Abroad
Get a customized quote for contract repudiation coverage. We help you mitigate the risk of sovereign contract breach.