BPL Global has launched a political violence policy aimed at multinational companies with overseas land-based assets.

The product is backed by leading Lloyd's underwriters, including Beazley, Catlin, Hiscox, Liberty and Wellington.

Features of the policy include cover for a wide range of political violence acts including civil commotion, riot and looting, uprisings, rebellions and coups, as well as war and civil war.

BPL Global chairman Charles Berry said: "The distinctions between different forms of political violence are blurred.

"The advantage of our wording is not only that it covers a broad spectrum of political violence, but also it does not exclude acts of terrorism prompted by war, civil war or rebellion."

Catlin chief executive Stephen Catlin said: "BPL Global's new wording will help us to establish political violence as a specialty insurance product."

The new product can also be expanded to a broader investment insurance policy covering political risks such as expropriation, abandonment of operations, breach of contract and currency inconvertibility.