Your business more safe and protected
As soon as a company moves its operations abroad must daily face a number of challenges; the little in-depth knowledge of the legislative, economic and cultural framework of the territory in which they operates is one of these.
To understand firm’s local exposures like safety at work, fire prevention and accidents, environmental and managers liability, claims and legal disputes, it is necessary to be supported by an experienced and trusted international risk manager able to provide the right solutions to meet the individual needs of your company abroad.
Very often companies are not fully aware how to face those unforeseeable events which may block the production, interrupt the supply chain and expose the company to financial losses and property and reputation damages.
Not only direct damages
For the survival of a company based abroad, the business interruption coverage is crucial: not only to ensure the business continuity, but also to protect the company’s reputation and imagine, in front of suppliers and customers.
The risk assessment
The local inspection of the manufactoring sites and the professional photo reportage of the risks areas’s exposure is the first necessary step to evaluate the best strategies to manage business’ risks.
A technical survey, supported by an illustrated report, allows the firm to find the areas most exposed to danger. In this way, it is much clearer which risk may be reduced and which may be transferred to the insurance market.
You might be interested in
The violence of the atmospheric agents that have recently blowed cities, ports, private and public buildings in Europe worries owners of warehouses and production sites. Their main question is:“Are we insured against flood? Who pays the business interruption damages?” The graph here below is eloquent: Torrential rains ... Read more
High failure rate, demanding investors, new law obligations, many complaints to respect. If you lead a startup company, don’t forget to buy Directors and Officers insurance: in case of error, it protects your own holdings. And when your company rapidly grows, it attracts new investors and capitals. Startups suffer from a high ... Read more
Computer frauds, viruses, data and identity theft, misuse of credit cards, cyber attacks on our computers: these are some of the major threats that affect businesses all over the world on a daily basis, such as hospitals, multi-utilities, law and auditing firms. Most of these intrusions are coming from ... Read more
Toys, automotive, cosmetics, jewelery. Even in Europe, these are the production areas most affected by claims for compensation. Not only the large corporates, but also the small and medium-sized enterprises face sudden and costly recall campaigns due to their defective products. SMEs are not always aware of the risks ... Read more
Owners of companies and country manager are by law responsible, with their own holding, for damages caused to third parties, or to the company they represent, for failure to follow regulations and standards. Their wrong decisions, as described by the 7 cases here below, may be legally expose directors ... Read more
The age increase and consequently the rise of chronic conditions for clients, new medical technologies and demographic trends are the main reasons why private medical insurance premiums sensibly increased in recent years. Let’s explore some practical solutions to keep these costs under control. 4 reasons why private medical insurance premiums are ... Read more
According to preliminary estimates released by the Central Statistical Office of Poland (GUS), GDP grew 2.8% in the full year 2016. The result was below 2015’s wider 3.9% expansion. Private consumption remained robust, growing 3.6%, above 2015’s 3.2% rise. The outlook for companies and firms established in this Country ... Read more
The cold season has approached: we are fine with winter inspection of our car. And what about our company? Are we sure that it is enough protected against the bad weather coming? Christmas holidays are on the way and joking with the cold is forbidden: the 2006 tragedy in ... Read more
Impressive numbers: real estate companies, owners of offices and warehouses, shopping centers, catering services and hotels are all exposed to frequent fire risk. In the US, in 2015, the fire brigade intervened to extinguish 1.345.500fire cases a year. The damages were enormous: who lost his lives, many people burned, ... Read more
Do we want to sleep soundly? Opening the gates of our firm to experienced consultants is an excellent strategy: what ever it happens, insurers and risk managers never leave us alone. A case really happened. In 2010 in Australia an industrial bakery was entirely destroyed by a huge fire. The insurance ... Read more
If we live abroad, we are well aware of the challenges we front while working. We might face more and more business risks: a local exposure can be better solved by a local solution. Companies abroad come in many different types but are usually divided into two main categories. Under ... Read more
Eastern European countries are known for their harsh climate. However, the taxation of companies premiums remains slight. The tax advantages are under the sun light. Antony has recently doubled the size of his industrial site in Poland. Question: «How the premium on the new hall will be taxed?» Answer: The ... Read more
New taxes on the premium, accidents at work, hydrogeological risk. The end of the year approaches: these are some of the the most frequently asked questions. 1. John stores and manages some commercial properties in Bratislava’s center. Question: «I have to renew the fire insurance on my properties policy: ... Read more
End of the year is approaching and, as usual, here it is a first summary of those many questions that our clients put us during the inspection of their firms. Companies are becoming more and more aware of the risks they face during their business activities, especially if we are ... Read more