Jaye owns a business in a foreign country that is considered "friendly" with the United States but which has significant political unrest.Jaye is uneasy about the situation in the country and concerned that any business could be the subject of a taking by the foreign country or could suffer losses due to civil unrest.What advice would you give Jaye?

Question

Quizplus · Accepted Answer

Seeking insurance through the Overseas Private Investment Corporation (OPIC) is the best option for Jaye as it is a U.S. government agency that specializes in providing insurance for foreign risk. OPIC offers political risk insurance that can protect Jaye's business against any losses due to political unrest or government taking. This option is preferable to seeking reimbursement through the U.S. government or relying on private insurance companies that may not provide sufficient coverage or protection in an unstable foreign environment. Selling the company and leaving the country may be an option, but it should only be considered as a last resort.

Jaye Owns a Business in a Foreign Country That Is