What should I do if my claim involves sanctions or restricted counterparties (sanctions clauses)?

When a claim touches sanctioned parties or restricted jurisdictions, the insurance question becomes inseparable from a compliance one, because sanctions clauses can suspend or void cover the moment a prohibited connection appears.

Insurers and reinsurers are themselves bound by sanctions regimes and will not, and legally cannot, pay where doing so breaches them. For a senior executive, a sanctions-affected claim carries both a coverage gap and potential personal and corporate liability.

The report explains how sanctions clauses operate in your chosen jurisdiction and industry, the interaction between cover and the relevant sanctions regimes, and the due-diligence insurers expect.

It covers warning indicators of a restricted-counterparty exposure, indicative impact ranges from published matters, and when to engage sanctions counsel, coverage counsel and compliance specialists.