Relying on a U.S.-based global policy may not be sufficient when other countries require coverage be purchased from locally-licensed insurers. The IRS may tax your next claim payment … and 4 more reasons you should use locally admitted insurance.
It’s critical for an insurer with international customers to be available at all times, since clients often have unusual and often time-sensitive servicing needs.
There are many more variables at play conspiring to delay and deviate from the intended plans of the insurers, brokers and clients who are collaborating to execute on an insurance program.
Most companies underestimate multinational risks. Learn the questions you need to ask to obtain the right coverage.
Taking your business beyond U.S. boundaries can mean additional risks. View these claims scenarios to help learn how best to cover your assets and employees.