What is the best way to organise your portfolio of policies to ensure your international risks are consistently insured?
The answer to this question makes a world of difference in the case of guarantees and cost price. You can rely upon ADD lending its support in this context.
Global programme, controlled master programme or ex-programme policies
You as an international player basically have a choice of three options:
- A global programme offers worldwide cover and is underpinned by a policy taken out in the country where the head office is located.
- A controlled master programme combines a master policy, purchased in the country where your head office is located, with ‘local’ contracts in countries where your subsidiaries operate.
- Ex-programme policies in every country where your company operates, with direction from Belgium
ADD will advise you when the time comes for you to choose between various options, depending on your specific aims. In this case, we obviously bear in mind your insurance budget (cost) and the rules relating to compliance.