The short-lived attempted coup in Turkey damaged severalgovernment buildings and killed more than 200 people.

It’s the latest in a long string of unsettling political unrestin recent years, from 2011’s Arab Spring to Russia’s annexation ofthe Ukrainian territory of Crimea in 2014. But even after so muchturmoil, you can readily access political risk insurance to protectyour business against a variety of global risks.

Still an attractive line

Following the failed coup in Turkey, political risk insurers arecarefully monitoring the risks they underwrite in the country.Their reaction to Turkey has mirrored events in Russia, Brazil, andother countries that have seen unrest in recent years: Politicalrisk coverage is available, but insurers are being moreselective.

For buyers with low to medium risk portfolios, political riskinsurance is particularly accessible. Despite some losses and anincrease in claims notifications, insurers still view politicalrisk as a profitable line of coverage. And they’re competing fornew and existing business — which means that buyers can potentiallyobtain the coverage at favorable rates.

Taking a multi-country approach

Despite the overall favorable market conditions, recent eventsillustrate that political risk is no longer an issue for emergingmarkets only. Businesses are learning that political risk isunpredictable and can quickly develop — even in countries thathistorically were considered “safe.”

So how can businesses protect themselves from this unpredictablerisk? One answer is a multi-country political risk insurancepolicy. Such policies provide coverage for a list of specificcountries — often 20 or more — in which a company operates,including some that might be difficult to insure on their own. Andmulti-country coverage is usually available at attractive rates andwith favorable terms, including broader definitions and multi-yearcoverage.

A multi-country coverage approach can help you avoid having topredict where your next trouble spot will be. Work with youinsurance advisors to understand your specific political risks. Inthis continued buyer’s market, you can potentially lock in lowrates for the next several years, which can help protect yourassets virtually everywhere you operate.

Related: 21 emerging risks for the insurance industry andthe global economy

Angela Duca is the senior vice presidentfor the Political Risk and Structured Credit practiceat Marsh. This article firstappeared on Marsh.com and is reprinted here with permission. Visitthe Marsh Risk in Contextblog for the original post.