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© 2013 ARTHUR J. GALLAGHER & CO. | BUSINESS WITHOUT BARRIERS™
Going Global….what to know about foreign insurance and risk management
Greg Hunter, ARM Area President
2 Liberty SquareBoston, MA 02109
© 2013 ARTHUR J. GALLAGHER & CO. | BUSINESS WITHOUT BARRIERS™ 2
Each country is different. language barriers and policy wording in country compliance (violations and penalties) currency
Scalability & forward thinking Relocating from one country to another Hiring expats or local nationals Duration Due diligence Lead time
Issuing the policies Required by law Admitted vs non-admitted Local policies vs master controlled
Local documentation and servicing Paying the premiums and taxes Certificates of insurance vs cover letters Claims handing by whom and from where
Travel Assistance Services Emergency services- medical, travel , security, natural disaster evacuation
Consider the risks
© 2013 ARTHUR J. GALLAGHER & CO. | BUSINESS WITHOUT BARRIERS™ 3
4 C’s
Compliance
Certificates
Claims
Costs
© 2013 ARTHUR J. GALLAGHER & CO. | BUSINESS WITHOUT BARRIERS™ 4
General liability Automobile Voluntary Compensation Travel Accident & sickness Property and business interruption Kidnap & Ransom Ocean cargo Crime Political Risk Credit Insurance Directors & Officers Defense Base Act Employment Practices Liability aka
harassment & discrimination Fiduciary liability
Property & Liability
Health Compensation Vacation, holiday and home
leave Relocation assistance Tax and compliance services Repatriation/relocation Termination/Severance
Employee Benefits
Coverages to consider checklist…….
© 2013 ARTHUR J. GALLAGHER & CO. | BUSINESS WITHOUT BARRIERS™ 5
Benefits audits by country Compensation plan review including tax equalization
Actuarial services – retirement and pension plan
Tax and legal compliance
Employee handbooks
HR policies and manuals
Services to consider checklist…….
