Large and international companies need to be aware of their multinational risks. Multinational risks are business and financial risk exposures, as well as local governmental and taxation regulations, that need to be adhered to when operating in the international arena. The following case highlights the consequences of not complying to international regulations:
On May 15, 2009, the Ministry of Economy and Public Finances of Argentina fines insured eight times premium and broker 15 times premium for placing business with an insurer not licensed to conduct business in Argentina.
The UNIBA Partnership
Coverforce Leed Insurance Brokers belong to UNiBA Partners, one of the world’s largest independent providers of risk management, insurance broking and employee benefits services. The partnership evolved from a small group of young brokers concerned about their client’s foreign exposures, to a global platform with brokers and consultants in more than 130 countries around the world. Our customers in Australia can benefit from this global independent broker network by providing you access to the best independent brokers available in each country and their expertise in your risk exposures and the local insurance markets in which you operate.
The UNiBA Partnership will provide you with solutions to the following international insurance challenges:
- Global coverage
- Local needs
- Risk management
- Transparent program
- Consistent service delivery
- Dedicated recourses & expertise
- Capital efficiency
Contact Coverforce Leed Insurance Brokers today to find out more on 1300 881 464.