Transcription of Going Global- 5 Risk Management Issues to …
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Going Global- 5 Risk Management Issues to …
Going global ? 5 Risk Management Issues to Consider 1) Insurance Requirements of Foreign Countries 2) Program Structure 3) Policy Territory 4) Exposures 5) Economic and Political Risk Insurance Requirements of Foreign Countries Regulatory Issues fall into two broad categories: Compulsory Insurances and position on Non Admitted Insurance. Compulsory Insurances: Those lines of coverage required by law to be insured. Typically, compulsory requirements relate to some form of work injury coverage and Third Party Liability insurance for owned Automobiles.
Program Structure Non‐Admitted, Local, “Gap”, or Controlled Master Program. Non‐Admitted Program: For many companies with only limited overseas operations, a Non‐ Admitted program is an effective vehicle for providing international coverage. As indicated above, under a Non‐Admitted program, coverage is provided solely by …
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