Multinational Business Insurance

What Is Multinational Insurance, and Why Do You Need It?

Multinational insurance protects U.S.-based businesses that have locations outside of the U.S. or operate throughout the world. Insurance claims can be complicated due to language barriers, local laws, customs and norms that differ from country to country.

The Hartford Global Insurer Network was created to deliver local insurance policies to our U.S. business clients with multinational office locations. These policies are issued locally, paid in local currency, and are specific to the country where the business is operating.

Today, even small companies can source or sell products and services overseas. In fact, according to a recent research study conducted by The Hartford:¹

72%

of businesses surveyed sell their products or provide services outside of the U.S.

63%

of businesses surveyed have employees who travel outside the U.S. for business.

1 in 4

of the businesses surveyed have employees permanently located outside of the U.S.

What To Consider for Large Accounts

Multinational policies can be written for any size company in a wide range of industries.
If you’re operating in a litigious market, you need a strong financial presence. Even in emerging markets, third-party injury lawsuits are on the rise.
The difference between the value of the U.S. dollar compared to the currency value in other countries where you operate, and the fluctuations in those values, can have a huge impact on your financial condition.
Multinational companies can obtain appropriate and relevant coverage through a controlled master program structure that combines a broad master policy with local policies issued in the countries where the company operates.

U.S.-Based Policy Covering Foreign Risk

The Hartford Passport Package

Package for occasional international business travel.

Coverage options:

General Liability
Auto Liability
Foreign Voluntary
Workers Compensation/Employers Liability
Property
Travel Support Services
Business Travel Accident
Kidnap, Ransom, Extortion

The Hartford Exporter’s Package

Non-admitted foreign package.

Coverage options:

General Liability
Product Liability
Auto Liability
Foreign Voluntary
Workers Compensation/Employers Liability
Property
Travel Support Services
Business Travel Accident
Kidnap, Ransom, Extortion
Cargo

The Hartford Controlled Master Program (CMP)

U.S.-Based Master Policy

Includes difference-in-limits and difference-in-conditions coverage around locally admitted policies.

Coverage options:

General Liability
Product Liability
Auto Liability
Foreign Voluntary
Workers Compensation/Employers Liability
Property
Travel Support Services
Business Travel Accident
Kidnap, Ransom, Extortion
Cargo
Professional Liability/E&O
Financial Lines/Management Liability
Construction
Defense Base Act (DBA)

Local Admitted Policies

Issued by locally licensed carriers within The Hartford’s global insurer network.

Coverage options:

General Liability
Product Liability
Auto Liability
Foreign Voluntary
Workers Compensation/Employers Liability
Property
Business Travel Accident
Cargo
Professional Liability/E&O
Financial Lines/Management Liability
Construction

Interested in sending us an application? Visit our resources page here.

Why Choose Multinational at The Hartford?

The Hartford is ready to help your clients meet global challenges wherever they conduct business with these advantages:

Fewer coverage gaps
Broad appetite and limits
Customized coverage plus travel support services
Umbrella and excess coverage

Contacts & Resources

Multinational Resources

Find Your Multinational Contact

Have a Representative Contact You

Agent Tools and Resources

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Agent Home Page

Key Contacts

Why The Hartford

¹ The Hartford’s 2nd Quarter Pulse Survey.

² "World's Most Ethical Companies" and "Ethisphere" names are registered trademarks of Ethisphere LLC.

Foreign local policies are underwritten by locally licensed third-party foreign insurers within The Hartford Global Insurer Network but are not related with The Hartford by ownership. Exporters and CMP policies are underwritten by Hartford Fire Insurance Company in the U.S. and issued to the U.S.-based insured, covering its financial interest relating to its exposures located outside of the U.S. Generally, claims under foreign local policies will be adjusted and paid locally by the local insurer with The Hartford providing oversight and serving as the U.S. insured’s point of contact in the U.S. Claims under the Exporters and CMP policies will generally be handled in the U.S. and paid to the U.S. insured in accordance with the terms and conditions of the policies. The Hartford may contract with third-party risk consultants to perform risk engineering services outside of the U.S.

Not all coverages are offered in all jurisdictions and no coverage may be provided in some jurisdictions where restricted by law. All policies should be read carefully to identify all exclusions, limitations, and other terms and conditions. In the event of a conflict between any policy and this document, the terms and conditions of the policy shall control.