Leading insurer The
Hartford has expanded its portfolio of insurance products and services for US businesses with global operations or activities.
The company has added new policies to its International Choice, a comprehensive insurance package for global risks.
“Global business dealings can bring a wide range of risks,” said Joe Coray, vice president of The Hartford’s international practice.
“Agents and brokers play a critical role in helping business leaders understand the challenges they may face and the specific insurance coverages that can help them protect their business interests in the US and abroad.”
The Hartford’s Exporters Package Policy is designed for US businesses that are engaged in international commerce but do not have permanent employees or physical worksites overseas.
The new Master Policy caters to US businesses that have a physical presence in one or more locations abroad.
Meanwhile, the new Controlled Master Program packages the Master Policy with local policies offered through
AXA Corporate Solutions’ network in a single coordinated insurance program for a US company’s international risks.
The Hartford has partnered with AXA Corporate Solutions to offer local insurance coverage in up to 150 countries.
“As more US companies pursue global growth opportunities, we continue to expand The Hartford’s capabilities, expertise and geographic reach to be our customers’ first choice for comprehensive global insurance protection,” said David Carter, executive vice president of The Hartford’s Middle Market business.
A recent survey conducted by the insurer found that 21 per cent of US midsize businesses had engaged in international activities in 2015.
Hartford expects the number to grow this year when 42 per cent of midsize businesses are at least somewhat likely to engage in overseas activities while 23 per cent are very likely to do so.
