As the trend of globalization continues and many companies have overseas subsidiaries or a network of regional offices spread across the world, many will face increased global exposures. Multinational companies purchase insurance to ensure they are protected from ever-growing liabilities and many work with multiple insurance carriers, in multiple jurisdictions, utilizing several brokers to ensure they are protected. This can be complex, time consuming and expensive. Working with one insurance carrier in a multinational program helps to reduce potential gaps in coverage.
Fairfax WorldWideSM – our multinational insurance platform – can serve as your clients’ single-source carrier offering one program covering several exposures. With a range of insurance coverage options, we are able to address your multinational clients’ needs.
Our coverages will include:
- D&O Excess and Side A Lead DIC
- Primary Directors & Officers Liability
- Employment Practices Liability
- Contractors Pollution Liability
- Site Specific (Scheduled) Pollution Legal Liability
- Primary Casualty
- Excess Casualty
- Professional Liability
Our approach ensures that we serve as your local expert and provide global support – with our infrastructure, resources and network, we provide coordinated insurance solutions based on your clients’ locations, preferences and overall risk goals. This streamlined, efficient organizational structure and underwriting expertise ensures a coordinated and consistent approach and seamless cover for any multinational client. And in the event of a claim, Fairfax WorldWide’sSM global claims capabilities are able to respond locally to provide a coordinated priority service.
For more information, please download our Fairfax WorldWide Overview.