Business Protection
Insurance across borders, structured around one business.
Trusted Union helps Hong Kong-based and internationally managed businesses review and coordinate insurance arrangements across entities, offices and jurisdictions.
International insurance is rarely just about adding "worldwide cover" to a policy.
A company may be managed from Hong Kong while operating through subsidiaries, representative offices, employees, contracts or clients in several countries.
Different entities and jurisdictions can create different requirements around coverage, locally issued policies, contractual evidence of insurance, claims and programme administration.
Trusted Union helps clients step back from individual policies and review the programme as a whole: what needs to be protected, where the exposure sits, which entities require cover and how the arrangements should be coordinated.
Key Areas We Support
How we support your multinational programme.
01
Programme Structure
Review of central, global or master policy arrangements and how they relate to the group’s international operations.
02
Local Policy Coordination
Where appropriate, coordination of locally issued policies or insurer-network requirements across individual territories.
03
Entity & Territory Review
Mapping entities, offices, activities and jurisdictions to help determine what should be insured and where.
04
Liability & Professional Risks
Coordination of relevant corporate covers such as general liability, professional indemnity, D&O and other international business exposures.
05
Documentation & Administration
Support with entity schedules, policy documentation, certificates of insurance and changes during the policy period.
06
Renewal & Programme Coordination
Central coordination of insurer information, programme changes and renewal requirements across the group’s international footprint.
What We Review
One programme, reviewed across entities, territories and insurers.
Where the information is available, a review typically looks across the following.
- Legal entities and insured entities
- Countries and office locations
- Business activities in each territory
- Existing master, global and local policies
- Territorial limits and jurisdiction
- Contractual insurance requirements
- Policy limits and exclusions
- Insurer international-network capability
- Locally issued policy requirements where relevant
- Certificates and proof of insurance
- Claims-handling arrangements
- Changes in entities or operations
- Renewal information and programme administration
Why It Matters
Why a structured review matters.
A multinational programme can appear coordinated until something changes.
A new overseas entity may open. A major client may require evidence of insurance locally. An office may close. Employees may begin operating in another jurisdiction. A claim may arise overseas. Or a business may discover that an entity, activity or territory was not treated as expected under the existing programme.
A structured multinational review helps clients understand how the different parts fit together before those issues arise.
The objective is not simply to buy more policies. It is to create clearer oversight of the group, its exposures and the insurance arrangements supporting them.
Why Trusted Union
Advice from the perspective of the whole organisation.
Trusted Union helps businesses review multinational insurance from the perspective of the whole organisation – not simply individual policies in individual countries.
Based in Hong Kong, we work with local and international insurance markets and coordinate with insurers and their networks where required.
Our role is practical: understand the group, review the existing arrangements, coordinate information and insurer discussions, explain the available structures and trade-offs, and remain involved through placement, renewal and change.
~12
international offices coordinated from Hong Kong
Anonymised client engagement
Client Example
Hong Kong advice with international reach.
Coordinating liability cover across approximately 12 international offices. Trusted Union coordinates a Hong Kong-led liability programme supporting affiliated operations across approximately 12 international offices for a management consulting group. Our role includes central programme coordination, entity and office scheduling, insurer liaison, policy administration and renewal support.
Common Questions
Questions we’re often asked.
Does every overseas office need a local insurance policy?
Not necessarily. The appropriate structure depends on the jurisdiction, entity, activities, contractual requirements and the insurer’s programme capabilities.
What is the difference between a global policy and a multinational insurance programme?
A multinational programme may combine centrally coordinated cover with locally issued policies or other arrangements where appropriate. The correct structure depends on the group’s circumstances.
Can Hong Kong be the coordinating location for an international insurance programme?
For some businesses, yes. Trusted Union can help review whether a Hong Kong-led arrangement is appropriate and coordinate with insurers and international networks where required.
What types of insurance can form part of a multinational programme?
Depending on the business, this may include general liability, professional indemnity, D&O, cyber, property, business interruption and other corporate risks.
Can Trusted Union review an existing multinational programme?
Yes. We can review the current structure, entities, policies, limits, exclusions, insurer arrangements and programme administration and help identify areas requiring further consideration.
Request a Confidential Review
Request a Confidential Review.
Start with a structured conversation about the area of insurance you would like to review.
Request a Confidential Review