Taiwan Risk Assessment Country Guide

Doing Business in Taiwan

The large island nation of Taiwan is officially controlled by the Republic of China. Situated off the eastern coast of mainland China, Japan lies to the nation’s northeast and the Philippines are to the south. Taiwan has experienced rapid economic growth recently, and the state relies heavily on small and medium sized business and the technology sector. 

According to the UK Foreign & Commonwealth Office (FCO), Taiwan is not officially recognized as a state. That means consular services are limited, which could impact your stay there. Even so, more than 38,000 British nationals visit Taiwan each year.

A number of risks are present to foreign travelers and expats in Taiwan. While there is only a low threat of terrorism, you should still be cautious living and working outside of your home country. It is recommended that you consider adequate international insurance coverage, including travel and medical. 

  • Health
  • Safety & Security
  • Terrorism

Before departing your home country, you should discuss any possible vaccinations or other preventative measures with your primary care physician. Since 2013, the Avian Flu (H7N9) remains a risk when traveling to Taiwan. A case of of the Avian Influenza has been reported in Taiwan, although no human-to-human transmission has occurred yet. From March 2013 to March 2015, more than 640 cases have been reported worldwide resulting in 224 deaths, mostly from mainland China. Many wild animals pose a threat, and rabies has been detected. Poisonous snakes are also common. 

Taiwan has acceptable health and dental facilities. These are capable of dealing with routine treatment and emergency care. Some even employ English-speaking staff members. However, medical care is on a "pay as you use" basis, which means you need insurance and the required funds in order to receive care.

Clements Worldwide offers GlobalCare® health insurance coverage. This policy includes USD 5 million in health care benefits, and allows you to choose any number of doctors across the world. Clements coverage enables  flexible payment plans, choice of deductible and optional War and Terrorism coverage. This coverage extends your policy to include illness or injury caused by an act of war and terrorism.

While outside of your home country, you may need to travel in order to reach appropriate levels of medical care. A Medical Evacuation and Repatriation insurance policy from Clements covers expenses to transport you to a capable medical facility in case a local medical center isn’t able to provide adequate treatment.

Call us today at +1.202.872.0060 or 800.872.0067 or email request@clements.com to discuss your organization’s travel needs tailored to considerations involved while operating in Taiwan.

Source: UK Foreign and Commonwealth Office and Clements Worldwide

Contact a Clements Representative for Insurance Solutions

The political situation in Taiwan is fairly secure. However, political demonstrations could occur, and you should take care to avoid all large gatherings, rallies and protests.

A Personal Accident insurance policy from Clements protects your organization’s employees and their families' financial stability following an accident, regardless of whether it occurs on the job or during personal time. Coverage begins at USD 100,000 per person.

In addition, severe weather and natural disasters can impact local travel across Taiwan. Road blockages and landslides are common following typhoons. While road conditions are generally adequate overall, you should be wary of erratic drivers and dangerous behavior.

Clements offers international car insurance, which includes Physical Damage, Third Party Liability, and Excess Liability coverage. With flexible deductible options and fast claims processing, your policy will provide coverage for your vehicle fleet whether it’s on the road, parked or transported abroad.

An optional Political Violence extension is also recommended, which broadens the coverage to include strikes, riots, malicious damage, sabotage, war, terrorism or civil unrest.

Waters off the Chinese coast and near Taiwan may also be susceptible to piracy. A Maritime Security insurance policy from Clements ensures compliance with BIMCO insurance requirements and GUARDCON standards that will achieve cost savings, better coverage and more efficient policy administration.

Call us today at +1.202.872.0060 or 800.872.0067 or email request@clements.com to discuss your organization’s travel needs tailored to considerations involved while operating in Taiwan.

Source: UK Foreign and Commonwealth Office and Clements Worldwide

Contact a Clements Representative for Insurance Solutions

There is a low threat of terrorism in Taiwan. However, a global risk is present, and attacks may be indiscriminate. Common targets may include public locations often visited by expats and foreign travelers, such as bars, hotels and restaurants. 

On July 7, 2016, a lone actor set off a set of firecrackers in a Taipai subway station, causing an explosion and a fire that injured 25 people. 

A War and Terrorism insurance policy offers the right coverage against the risks of civil unrest, war, riots, looting and acts of terrorism.

Clements also provides a Kidnap and Ransom insurance policy, which ensures financial assistance following a kidnapping, such as independent investigations, negotiations and the arrangement and delivery of funds.

Call us today at +1.202.872.0060 or 800.872.0067 or email request@clements.com to discuss your organization’s travel needs tailored to considerations involved while operating in Taiwan.

Source: UK Foreign and Commonwealth Office and Clements Worldwide

Contact a Clements Representative for Insurance Solutions