"Compensa" Launches Political and Military Risk Insurance in Baltic States

The non-life insurance company "Compensa Vienna Insurance Group" is introducing a new insurance product in the Baltic states designed to cover political and military risks. This initiative aims to provide enhanced security for businesses operating in an increasingly volatile geopolitical landscape.

Initially, this specialized insurance coverage will be offered to businesses, addressing concerns related to potential disruptions caused by political and military instability. The company has indicated that the service will be made available to individual residents in the near future, broadening its protective scope.

The new insurance policy will offer protection against a range of specific risks. These include damage caused by military drones, acts of terrorism, riots, strikes, sabotage, and intentional property damage during public disorder. It also covers risks associated with civil uprisings and similar disruptive events. The extent of the coverage and any applicable exclusions will be detailed within the insurance contract.