White Paper

Avoiding The Panic: How To Plan For Multinational Losses

Many companies don’t know how their insurance program will handle the complexity of international losses. Multinational organizations need an insurer with true multinational expertise.

White Paper Summary

Having some type of multinational exposure is almost inevitable for Fortune 500 and small- to middle-market companies alike. The need for international executive travel and the expanse of global supply chains bring risk to organizations of all sizes in every sector.

Also universal is the general lack of preparedness for losses that happen abroad, and the fog of confusion that can set in when companies don’t know how to respond. Events that may appear straightforward in the U.S. take on a new level of complexity when regulatory variance, language barriers, time zone differences, and geographical distance are factored in.

“Our research suggests that more than 40 percent of mid and large commercial enterprises in the United States have never had specific conversations around multinational exposures with their brokers and insurers1,” said Alfred Bergbauer, Head of Multinational Insurance, The Hartford.

As a result, “there is a panic moment when companies are unprepared for the complexity of multinational losses, especially when it involves the safety of employees.”

The following four loss scenarios demonstrate how complex multinational risks can be, and why it’s imperative for companies to work with insurers that have the expertise to manage them:

To learn more about The Hartford, please visit their website.

The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity.

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