Cyprus Risk Assessment Country Guide

Doing business in Cyprus

The third largest island in the Mediterranean Sea, Cyprus is home to more than 1.1 million people. The nation has a varied and prosperous economy. While the Eurozone financial and banking crisis has taken a toll on the country over the past several years,

Cyprus remains a desirable destination for many expats and foreign travelers. However, given the risks present in the country, comprehensive international insurance is recommended, according to the UK Foreign & Commonwealth Office (FCO). 

  • Health
  • Safety & Security
  • Terrorism

Overall, Cyprus has relatively high quality health care standards. Treatment is fairly inexpensive, and state-run hospitals typically offer free care when available. However, before leaving for the country, you should contact your primary care physician to discuss any vaccinations or other preventative measures that may be recommended for travel within Cyprus.

Clements Worldwide offers Expat Health Insurance, which includes USD 5 million in health care benefits. With Clements, you will have flexible payment options, multilingual claims assistance and choice of deductible. A policy allows you to choose from any number of doctors, anywhere in the world. Clements also provides an optional War and Terrorism extension for each policy.

In some cases, you may need to travel in order to access appropriate levels of care. Medical Evacuation and Repatriation insurance 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 within Cyprus.

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 Cyprus.

Source: UK Foreign & Commonwealth Office and Clements Worldwide 

Contact a Clements Representative for Insurance Solutions

The political situation in Cyprus can be occasionally unstable. Demonstrations occur often in response to the country's current economic situation. You should take care to avoid all large, public gatherings and follow local advice from authorities. In addition, Cyprus remains divided along the Green Line, which separates the "Turkish Republic of Northern Cyprus" from the remainder of the island. While the entire nation is a member of the EU, some countries like  the United Kingdom do not recognize the "Turkish Republic of Northern Cyprus” as a political entity.

A Personal Accident insurance policy from Clements will protect you or your organization’s employees and their families' financial stability following an accident, regardless of whether it occurs on the job or during personal time while in Cyprus..

Driving standards across Cyprus are poor, with 51 road deaths in the country in 201, according to the UK Government’s Department for Transport.. Adequate levels of insurance are highly advisable while living in Cyprus.

Clements offers Worldwide 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.

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 Cyprus.

Source: UK Foreign & Commonwealth Office and Clements Worldwide 

Contact a Clements Representative for Insurance Solutions

There is a low to moderate threat of terrorism in Cyprus. While attacks are unlikely, given global levels of risk they could be indiscriminate and target locations often visited by expats and foreigners. 

A War and Terrorism insurance policy from Clements will help ensure the right coverage against the risks of civil unrest, war, riots, looting and acts of terrorism.

Clements also offers a Kidnap and Ransom insurance policy, which ensures financial assistance following a kidnapping, such as independent investigations, negotiations, 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 Cyprus.

Source: UK Foreign & Commonwealth Office and Clements Worldwide 

Contact a Clements Representative for Insurance Solutions