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Hanover GlobalReach

Insurance solutions for your international clients

Hanover GlobalReach was developed to help protect your multinational clients from the inherent risks of foreign exposures. Our solution helps effectively minimize gaps in coverage, enabling your clients to confidently do business abroad.

For additional questions on our new offering, contact your local Middle Market underwriter or Small Commercial sales manager.

Target appetite

In support of The Hanover’s core offering, Hanover GlobalReach provides global solutions for companies with exposures abroad, especially companies in the following industries:

  • Manufacturers
  • Wholesalers
  • Distributors
  • Educational institutions
  • Financial institutions
  • Services companies
  • Technology and life sciences companies

The Hanover international suite of products

Whether your customer needs an endorsement added to their existing domestic policy, a stand-alone policy or a controlled master program (CMP), The Hanover has the solution.

U.S.-based package policy covering foreign risk U.S.-based customizable policy AND foreign policy(s) covering foreign risk
WHO NEEDS IT
International coverage extensions
  • Incidental foreign exposure
  • Single line of international coverage requested
  • Extends domestic coverage territory
GlobalReach business travel protection
  • For occasional international business travel
GlobalReach exporters package
  • Export products outside the U.S.
  • Have foreign licensees selling their products
  • Advertise or sell products on the internet
GlobalReach controlledmaster program (CMP)
  • Goods warehoused overseas
  • Own or lease buildings
  • Incorporated foreign subsidiary(s)
  • Compulsory coverage requirements
  • Equipment overseas
  • Contracts that require local paper
  • Employees stationed overseas
  • Access to unique local coverages/limits
COVERAGES
  • Property
  • General liability
  • Contingent auto
  • International HR
  • Business travel accident
  • Kidnap and ransom
  • Property
  • General liability
  • Contingent auto
  • Foreign voluntary workers' compensation/
    employers' liability
     - Transportation
     - Repartriation
  • Business travel accident
  • Kidnap and ransom
  • Travel assistance
  • Property
  • General liability
      - Product liability
  • Contingent auto
  • Foreign voluntary workers' compensation/
    employers' liability
      - Transportation
      - Repatriation
  • Business travel accident
  • Kidnap and ransom
  • Marine/transit
  • Travel assistance
  • Property
  • General liability
      - Product liability
  • Contingent auto
  • Foreign voluntary workers' compensation/
    employers' liability
      - Transportation
      - Repatriation
  • Business travel accident
  • Kidnap and ransom
  • Marine/transit
  • Travel assistance
  • Financial lines (D&O/E&O)
  • Cyber
  • Difference in coverage/
    difference in limits coverage
  • Locally admitted policy(s)
FEATURES - Underwritten, controlled and retained by The Hanover
  • Shared limits for both domestic and international exposures
  • Insurer (The Hanover) reimburses insured for losses
  • Priced individually per line of business extension
  • Non-admitted policy to provide more comprehensive package of foreign coverages
  • Provides separate tower of limits
  • U.S.-based policy responding to losses occurring overseas
  • Minimum policy premium of $2500
  • Master GlobalReach policy with stand-alone limits that respond as Excess DIC/DIL over local policies
  • Local admitted cover in countries that require local policies (via our global network)
  • Compliant worldwide programs
  • Minimum policy premium of $2500

Forms and applications

Submit the application by faxing or emailing it to your local underwriter.

Access policy forms via the policy forms library

Coverage description

Whether your customer needs an endorsement added to their existing policy to protect incidental foreign exposures, a more comprehensive stand-alone policy or a controlled master program (CMP), The Hanover has the solution. Our GlobalReach offering includes:

Non-admitted coverage

We offer a non-admitted foreign insurance stand-alone package policy that combines specialized property and liability coverages to address the foreign exposures of U.S. domestic companies. Key coverages include:

  • Comprehensive global property – Covers property-in-transit, difference-in-conditions, coinsurance deficiency, currency devaluation, international confiscation and more
  • Comprehensive global liability – Covers defense costs and suits brought against a policyholder internationally
  • International business auto – Covers bodily injury, property and physical damage, medical payments and covered pollution cost
  • Foreign voluntary workers’ compensation – Covers bodily injury by accident, disease or endemic disease, employers liability and excess repatriation expense
  • Kidnap, ransom, and extortion – Covers reimbursement of ransom, Insured's and victim's expenses, and the defense of the Insured for a suit arising out of a covered event
  • Business travel accidents – Covers accidental death and dismemberment, emergency accident and sickness medical expense and emergency medical and political repatriation

Admitted coverage

Through our partnership with the RSA Group, one of the world’s longest standing general insurers, we are able to access a global network of highly respected local insurers in each of the countries in which your conduct foreign business. This network ensures we can provide admitted policies that are compliant with local laws and legislation in over 180 countries.

Controlled master program (CMP)

We are able to provide a CMP with difference in conditions/difference in limits coverage that works in conjunction with the Hanover GlobalReach offering to minimize gaps often found in local admitted policies.

Value-added services

Global travel assistance services

GlobalReach policyholders have access to UnitedHealthcare Global’s wide range of medical, security and travel-related assistance services while traveling abroad. Clients can utilize UnitedHealthcare Global’s network of more than 59,000 international assistance providers communicating in more than 100 different languages for immediate assistance with medical, security, and travel-related emergencies. Services include:

  • Medical assistance services – Worldwide medical and dental referrals, monitoring of treatment, dispatch of doctors and specialists, and more
  • Personal security services – Political or security evacuation services, including transportation after evacuation
  • Travel assistance services – Replacement of lost or stolen travel document, emergency travel arrangements, translation services, and more
  • Medical evacuation and repatriation services – Emergency medical evaluations, return of dependent children and more

Additionally, GlobalReach policyholders have 24/7 access to exclusive online tools and resources available on the UnitedHealthcare Global Intelligence Center. The Global Intelligence Center is the policyholder’s hub for security and medical intelligence, briefs on popular city destinations, tools to monitor employee travel, assistance with medical and security evacuation and repatriation and more.

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