To discuss Contract Frustration Insurance contact Mark Holman atl 905-886-5630 or toll free at 1-800-567-1279.

Contract frustration insurance protects against losses arising from the host government's breach or repudiation of a contract with the investor. In the event of an alleged breach or repudiation, the investor must be able to invoke a dispute resolution mechanism (e.g., an arbitration) in the underlying contract and obtain an award for damages.

If, after a specified period of time, the investor has not received payment or if the dispute resolution mechanism fails to function because of actions taken by the host government, the insurer will pay compensation and may make a provisional payment pending the outcome of the dispute resolution mechanism.