Global Insurance Services
Addressing Risk Exposure for International Business Needs
USI provides a holistic approach to your risk management needs, structuring an appropriate global insurance program to address current business risks while anticipating future international expansion. Our worldwide services focus on understanding local business issues and requirements in each country, reviewing insurance program impact and design options for international risks, and providing stakeholder communication and program administration for both home and international offices.
Our global business services include:
- Evaluating Local Regulations
- Tax Implications
- Local Customs Review
- Non-admitted vs. Admitted Program Design
- Billing, Claims, Service Support
- International Program Communication and Service Plan
- Property Coverage
- Auto Insurance
- Foreign Liability
- Excess Liability
- Employers Liability
- Stock Throughput/USI CargoSafe
- Business Income and Contingent Business Income
- Product Liability
- Directors & Officers
- Network Security/USI PrivaSafe
- Intellectual Property/Trademark Risk
- Claims Management Services
- Contract Review and Insurance Policy Compliance
- Foreign Trade Credit Protection
USI is a member of the Worldwide Broker Network (WBN), the world’s largest fully integrated network of Independent Property and Casualty brokerage firms. After USI evaluates client risks in each country and creates a plan, WBN members in foreign domiciles help us execute by placing local insurance and enacting the agreed upon country specific service plan.
To analyze our client’s business issues and challenges, our International team leverages USI ONE®, a fundamentally different approach to risk management. USI ONE integrates proprietary business analytics with a network of local and national technical experts in a team based consultative planning process to evaluate the client’s risk profile and identify targeted solutions. Clients then receive tailored recommendations for improving their total cost of risk.
Experience the USI ONE Advantage® and learn how USI’s International services will help address global risk exposures to protect your business assets at home and abroad. Email PCsolutions@usi.com to learn more or contact your local USI
USI’s International Program Review and Restructuring Broadens Catastrophe Weather Coverage by $10 Million and Delivers Over $200,000 in Premium Savings
As part of a new client review, USI worked with a large multi-national oilfield products manufacturer and distributor to analyze their existing international program. The program was originally structured by the insurance carrier leaving the client with less control. USI’s International team reviewed coverage terms, conditions and program structures in place in 14 countries throughout the world—speaking with leading brokers in each country through the Worldwide Broker Network of which USI is a member. USI’s team gained an understanding of local regulatory issues, costs and coverage enabling us to decide, with the client, the most efficient way to structure the international risk program. After comprehensive analysis, USI implemented several changes to achieve compliance with multiple country regulations, reduce premium cost and broaden coverage and limits in catastrophe exposed areas of the world where local coverage was insufficient—giving the client control of placement instead of the insurance carrier. In addition to $200,000 in direct premium savings, the client was protected from an estimated $10 million of catastrophic weather risk it had previously been unknowingly retaining at several international locations.
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