Master Controlled Program Worldwide Policy Management
When your company has assets and operations based around the globe, coordinating insurance coverage can be a complex, difficult process. A Master Control Program simplifies this problem by covering all of your exposures on one policy, resulting in saved time and money.
The Benefits of Master Control Programs
- Coordinates policies obtained in and required by other countries
- Eliminates paying duplicate premiums for coverage purchased here and abroad
- Manages compliance with local insurance laws, avoiding fines and penalties
- Eliminates gaps of coverage customary to foreign insurance policies
- Provides broad U.S. coverage with local service
- Provides a broad Umbrella policy, creating worldwide coverage to U.S. standards
- Guards against currency devaluation
- Saves time
- Provides for local claims handling, at U.S. quality standards
- Provides global loss control and risk prevention services
This description of coverage is not an insurance contract. Your policy is the contract that specifies and fully describes your coverage. Conditions and exclusions will apply. Not all coverage described is available in all states.