Vital protection
It is essential to have the right Egypt insurance in place before operating in this extraordinary North African country. With terrorist threats to Western businesses and NGOs regularly posted on websites, specialist insurance with terrorist and political violence is recommended.
| Accident and Evacuation | |
|---|---|
| Kidnapping and Ransom | |
| Political Risk |
Since the Arab Spring uprising in 2011 and the political unrest that followed, Egypt has suffered from political unrest and insurgency. But the UK Government reports that since 2014, Egypt’s economy has rapidly recovered and is once again the largest destination for all direct foreign investment into Africa.
If you are operating in Egypt, your first priority will be international medical insurance. Outside of Cairo, hospitals are poor, so medical evacuation is recommended to ensure swift access to the best medical facilities.
Standard policies won’t include cover for injuries sustained from terrorism or political violence from one of the many street demonstrations that can flair up at any time. Depending where you people are based and where they travel, terrorism and political violence inclusion may be important – something we can arrange for a few individuals or an entire workforce through Lloyd’s of London.
A significant number of cases of sexual assault against foreign nationals have been reported, many occurring in ‘safe’ environments such as hotel premises. Briefing your staff on sensible precautions before they visit is essential.
Egypt ranks fairly low on Transparency International’s Index and is also low on the World Bank Doing Business Index due to high levels of bureaucracy.
We can provide you with tailored options to protect your vehicles, equipment and property as you build your operation.
We can also provide specialist Business Liability insurance to provide protection against contract issues, professional liability and political risk insurance to protect your investments from confiscation or loss should political changes affect your ability to operate in the future.
The Foreign Commonwealth Office (FCO) in the UK regularly updates its advice to British travellers about immediate risks.