Multinational

Multinational insurance

Managing operations in more than one country is daunting for even the most established businesses, and with new and more complex risks appearing across the globe, it’s essential to have the support of an expert to guide you through the process.

Understanding the intricacies of international markets, regulatory environments, and cross-border operations, we offer bespoke risk management programmes that help reduce exposure and enhance resilience.

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Why do Multinational businesses need tailored insurance solutions?

Having to contend with multiple regulatory and legal regimes, each with their individual requirements and complexities presents a unique challenge.

You can be faced with a number of obstacles from mergers and acquisitions to business interruption, cyber and data security problems. A Multinational business requires a more sophisticated and truly bespoke approach to managing risk and risk transfer solutions.

Why should Multinational businesses choose Griffiths & Armour?

Operating a large organisation is a complex business. We understand the unique challenges and diverse risks your business faces in an extremely competitive market.

Our team has a proven track record in delivering Multinational insurance, risk and resilience programmes for clients across a diverse range of sectors, including construction and infrastructure, property, financial institutions and humanitarian organisations.

We are a member of Assurex Global, an exclusive partnership of the most prominent independent brokers in the world enabling us to combine local expertise and global reach to help you navigate the changing insurance landscape with confidence.

What classes of insurance should a Multinational business consider?

Multinational programme policy

A tailored policy placed with a multinational insurer who can facilitate global coverage and local compliance in respect of Material Damage, Business Interruption and Third Party Liability. Such arrangements can also be made for Directors and Officers Liability.

Directors and Officers Liability

Directors and Officers have additional responsibilities to employees, the public, investors and regulators. The purpose of Directors and Officers Liability (D&O) insurance is to provide financial protection for Directors and Officers against legal costs, judgments, and settlements arising from lawsuits, investigations, or regulatory actions related to their management decisions or actions taken on behalf of the company.

Cyber insurance

Your network could be compromised by the loss of sensitive data or criminals holding commercial information to ransom. Cyber recovery can be costly, and Cyber insurance can help mitigate the financial impact of a data breach, security failure or cyber attack.

Public Liability insurance

Public Liability insurance can help if someone claims they’ve been injured, or their property damaged, as a result of your business activities. It can help to cover compensation as well as the legal costs of defending the claim.

Employers’ Liability insurance

Employers’ Liability insurance safeguards businesses against legal and compensation expenses from employee claims. If one of your employees falls ill or sustains an injury whilst at work, you could be held liable. You can protect yourself from costs arising from claims with an Employers’ Liability insurance policy.

Workers’ Compensation insurance

Workers’ compensation coverage is insurance that covers an employee who has an injury or suffers an illness while executing duties on the job. Mandatory in various locations across the globe, this is similar to Employers’ Liability insurance in the UK.

Property and Business Interruption insurance

Disruption from a fire, theft or other property damage can have a long term impact, and your organisation can suffer if you’re unable to function until everything is fixed. Business Interruption insurance protects you, making sure you can continue to deliver your services.

Beyond Protection

Beyond Protection is our end-to-end support designed to empower your business at every stage.

Our team gives you the tools to increase resilience and create peace of mind, no matter the challenge.

We mitigate potential risks and enhance long-term business operations through our cutting-edge risk management platform.

Risk management platform

We work closely with you to manage your claims efficiently, for a seamless experience.

Claims management

Our expert team uses leading insights to analyse macro and regulatory environments so we can help find cover for risks where others would struggle.

Market insight

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FAQs

Am I a Multinational Business?

The term multinational business refers to organisations with a UK head office and at least one overseas business operation.

What are non-admitted insurances?

Non-admitted insurance is where coverage is provided for a country under a policy placed and written outside of that territory. For example, providing buildings cover for a property in Chile under a UK insurance policy. Many countries prohibit the use of non-admitted policies and require a local policy in order to comply with regulations.

How does Assurex Global work?

Assurex Global facilitates professional cooperation between likeminded and similar cultured organisations in order to provide local knowledge, support and relationships across the globe.

I am looking to expand my business to the UK, what help can you offer?

Griffiths & Armour offers a wealth of expertise to support businesses wishing to expand into the UK. For further information please read our recent article