Multinational insurance used to be only reserved for large corporate entities in the Fortune 500 or Fortune 1000.

The world has become a much smaller place, and many small and mid-sized companies have gone global to remain competitive.   Global business activities can vary significantly company to company. From employee travel overseas to owning manufacturing plant with sales and distribution centers in multiple countries, risk and exposure  to loss differ dramatically.   This is where knowing your business is vital. Our team at All Access Insurance will make a comprehensive plan based on what your business is doing, what drives it, and what risks are present.   Businesses with international exposures experience many of the same insurance and risk-management challenges as they do domestically, but with added layers of difficulty.   The worldwide regulatory environment continues to evolve, and insurance and tax authorities around the globe are paying more attention to insurance-related transactions. Compliance challenges are created and can result in regulatory enforcement actions and unwanted tax consequences. Additionally, customs and language barriers, time zones, and extended lines of communication can make activities such as risk management, loss control, and claims management more problematic.   A multinational insurance program needs to take all of this into consideration. Every country presents a unique set of issues; there is no one size ts all approach, therefore, programs should be designed to respond in a way that is consistent with a company’s objectives no matter where in the world an exposure exists or a loss may occur. The task can seem daunting. Fortunately, there are now insurers bringing these types of sophisticated solutions to the middle market.   Don’t be left without the right coverage as you expand your business.   Keeping you protected,   Rick   All Access Insurance in Littleton, CO,  who represents multiple insurance companies as a “Broker” and provides products for auto, home,  commercial, workers compensation, and much more!   Call us today for a free quote at (303) 932-1700