Azerbaijan Insurance
Essential cover
Azerbaijan insurance needs to be carefully selected to provide the right cover if you are planning to to do business in this former Soviet state. Oil and gas employment attracts western companies but jobs in this sector are often high risk and in remote areas of Azerbaijan. Insurance should take into account all potential risks, especially with regard to poor medical facilities, hazardous roads and any travel to the disputed region of Nagorno Karabakh.
Azerbaijan insurance – quick facts
- An unresolved dispute with neighbouring Armenia means that specialist insurance may well be required if you are travelling to Nagorno Karabakh or the border region
- International health insurance in Azerbaijan is strongly advised, along with cover for emergency evacuation
- Road travel can be hazardous due to poor maintenance and safety standards
- If you are sending oil and gas workers here, you should consider high-risk Personal Accident insurance to cover life and permanent or temporary disablement
Get in touch
Email us to discuss your needs
What risks might you encounter in Azerbaijan?
Azerbaijan has long been famed for its oil springs and natural gas. In ancient times fire-worshipping Zoroastrians built temples around burning gas vents that rose from the ground. Today, foreign interest in the country’s natural resources is bringing much needed investment into the emerging economy. Azerbaijan insurance for foreign nationals, including those operating in the oil and gas and mining industries needs to be specialised and should include robust Personal Accident policies.
Health facilities don’t meet western standards of care, therefore comprehensive Medical insurance with Emergency Evacuation cover is a must. If you have business interests here, Trade and Political Risk insurance could protect imports, exports, business assets and trade liabilities in the case of political upheaval or trade disputes.
You should also ensure that any workers you send here are fully aware of the risks involved in road travel in Azerbaijan. The roads are in a poor state of repair, driving standards are low and accidents occur frequently. They should also be aware that corruption is an everyday aspect of life in Azerbaijan.
High-risk Countries
Related Insights
- 06/05/2022 UK Export Finance: Don’t Give Up!
- 06/05/2022 5 Tips to Keep Staff Safe Abroad