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Spot for Contract Frustration Insurance

Get quotes from contract frustration insurance providers with Spot

We prepare your deal details for underwriters and compare contract frustration quotes with you before you sign with an overseas buyer.

Get StartedHow It Works
  • Government and private counterparties distinguished in every proposal
  • Pre-delivery and post-delivery protection compared side by side
  • Keep your broker or switch, with no commissions on premiums
An export manager stands beside a shipping container at a port while a dock worker checks its seal.

How Spot helps you buy Contract Frustration Insurance

Tell us about the deal

Your Spot team collects the contract parties, countries, goods or services, payment terms, currency and the exposure you want insured, plus payment history, balances, security and financial information about the parties.

Alder ManufacturingOrganized by Spot
Founder Shield

See what each quote pays for, and when

Your broker takes the deal to underwriters, and we show which government actions trigger coverage in each proposal, how cancellation, non-delivery and nonpayment are treated, and what applies before and after delivery.

Founder ShieldQuote request

Contract frustration insurance

Coverage limits · Policy terms

Alder Manufacturing

See how much of a loss you’d carry

Spot lays out the share of a loss each proposal insures, what you would retain, the limit, the coverage period, and how waiting periods and claim-notice deadlines work after a missed payment.

Contract frustration insurance

Alder Manufacturing · Policy review

Policy wording
Coverage limits
Compare with
Contract requirements

Confirm with your broker

Limits, exclusions, and endorsements

Keep your deal documents in one place

Your Spot team keeps the policy and transaction documents together and brings renewals forward when you take on new contracts.

MorganAlder Manufacturing

What do we need to request contract frustration insurance quotes?

Let’s prepare the information for your broker and compare the terms, not just the price.

Contract frustration insurance policy

Coverage terms · Limits

How buying Contract Frustration Insurance works with Spot

  1. 01

    Tell us about your business

    Share what you do, where you work, the policies you have and any contracts that ask for insurance.

  2. 02

    We write up your application

    Spot turns it into an application that describes your business the way insurers need to see it.

  3. 03

    We get quotes from insurers

    Spot handles the procurement, sending it to the insurers and markets that cover businesses like yours and chasing every quote.

  4. 04

    Compare your quotes

    We put the quotes side by side on limits, exclusions and terms as well as price.

  5. 05

    Buy your policy and get certificates

    You choose. Spot places the policy for you, and certificates are ready when a customer or landlord asks.

Is Contract Frustration Insurance right for you?

  • Exporters selling into other countries

    Political events and government action can disrupt a contract after you’ve committed to deliver.

  • Companies contracting with a foreign government buyer

    Each quote has to identify whether your counterparty is government or privately owned, so state it up front.

  • Businesses with a large overseas order

    You may be exposed before delivery, after shipment or both, and each proposal can treat those stages differently.

  • Sellers worried mainly about a customer not paying

    If nonpayment is the main concern, compare trade-credit insurance as well, since it addresses a different risk.

When to get Contract Frustration Insurance

  • 01

    You signed a major export contract

    Bring the contract, the country and the payment terms to your Spot team before shipment, while there’s still time to compare proposals.

  • 02

    Your buyer is a government entity

    Say so in the submission. Each quote needs to know whether the other party is government or privately owned.

  • 03

    A private buyer might refuse the deal

    Ask whether that event is covered, and which conditions or exclusions apply.

  • 04

    A payment was missed

    Check the policy’s waiting period, claim-notice deadline and collection steps right away, and tell your Spot team.

  • 05

    You’re contracting in a new country

    Each quote is tied to a specific contract and country. Bring the new deal to your Spot team so it’s quoted on its own facts.

Contract Frustration Insurance questions

Also known as political risk insurance, contract repudiation insurance and contract frustration cover.

Can Spot work with a political risk broker?

Yes. Spot prepares the transaction details and compares proposals alongside the broker who takes the deal to market, and takes no commissions on premiums. If your current broker doesn’t place contract frustration, we can help you switch to one who does.

What does contract frustration insurance cover?

A form of political risk insurance, it can protect you against losses when political events or government action disrupt an international contract. Which actions and events count varies by policy, so Spot reads the triggers in each proposal.

Does it protect me before the goods are delivered?

It can. Ask which risks each proposal covers before delivery and after, including nonpayment. Spot lays the stages out side by side.

Is it the same as trade credit insurance?

No. Trade credit addresses a customer’s failure to pay. If that’s your main concern, Spot compares a trade-credit quote with the political and performance risks named in the contract frustration proposal.

What will insurers want to know about the deal?

They want the contract parties, countries, goods or services, payment terms, currency and the exposure you want insured, plus payment history, outstanding balances, any security or guarantees and financial information about the parties.

Get insurance off your to-do list.

Get quotes from contract frustration insurance providers with Spot. Keep your broker or switch, with no commissions on premiums.

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Learn more about Contract Frustration Insurance

Read these before you choose a policy or an insurer.

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