International Insurance Solutions | Todd Associates, Inc.
Let's say a fund manager utilizes a network of international investment bankers to identify potential investors in a variety of countries. The fund manager is concerned that if an investor sues an investment banker, the marketer/finder will not have the appropriate coverage to respond to the investor's claim – this, in turn, could result in a hit against the fund manager's liability insurance policies.
To address the fund manager's concerns, Todd/Globex works with a variety of our international partners to craft insurance products for our client's investment bankers. The policies are then purchased through our foreign insurance brokerage partners, who report back to Todd/Globex and confirm the placement of coverage.
What if you're poised to purchase a foreign company that has health insurance through a local broker?
Since neither you nor we understand the always changing intricacies of the health insurance market of a foreign country, we bring in one of our Globex Partners to perform a Benefits Assessment of the health insurance plan carried by the foreign subsidiary. The Assessment identifies areas where we can improve coverage and cost.
We then deliver the health insurance plan to a local partner. The partner fixes any issues and reports back to us on a regular basis according to procedures.
Scenario: You're poised to open a manufacturing location overseas. How will you assess the costs, risk, and liabilities of opening the facility in a specific city? Without performing due diligence, you could end up incurring more risk – not to mention higher costs – than you bargained for.