Hungary Risk Assessment Country Guide 

Doing Business in Hungary

A well-developed country situated in Central Europe, Hungary has quickly become a premier tourist destination and a highly desirable place to live and work. Hungary is a relatively wealthy nation with a stable economy, bolstered by strong industries from mining, pharmaceuticals, and construction.

According to the UK Foreign & Commonwealth Office (FCO), hundreds of thousands of visitors travel to Hungary every year. While there is a low threat of terrorism and other risks, you should still consider comprehensive international insurance solutions. With the appropriate coverage, you will better be able to manage the costs of living and working outside your home country.

  • Health
  • Safety & Security
  • Terrorism

You should contact your primary care physician prior to leaving for Hungary. It is important to consider all possible vaccinations and other preventative measures before departing from your home country.

Medical facilities in Hungary are typically comparable to those in other Western nations. The overall quality of care is on the rise, and some types of treatment tend to be affordable.

Clements Worldwide offers International Health Insurance coverage, which 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. .

You may also have to travel in order to access required medical services. 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 while in Hungary.

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 Hungary.

Source: UK Foreign & Commonwealth Office and Clements Worldwide 

Contact a Clements Representative for Insurance Solutions

While the political climate in Hungary is relatively stable, there are still occasional protests and demonstrations. These typically occur around major holidays, such as October 23,  the anniversary of the 1956 Anti-Soviet Uprising. Even peaceful protests have occasionally turned violent, so you should be cautious near any large public gatherings.

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.

Driving in Hungary can also be dangerous. In 2012, there were a reported 605 road deaths, according to the UK Department for Transport.

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.

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

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 Hungary.

Source: UK Foreign & Commonwealth Office and Clements Worldwide 

Contact a Clements Representative for Insurance Solutions

There is a low threat of terrorism in Hungary. Given global levels of risk, attacks could be indiscriminate and target public locations often visited by expats and tourists. 

On September 24, 2016, an improvised explosive device injured two police officers. Officials suspect right-wing extremists created the device, although the investigation is ongoing. 

A War and Terrorism insurance policy form Clements 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 Hungary.

Source: UK Foreign & Commonwealth Office and Clements Worldwide 

Contact a Clements Representative for Insurance Solutions