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Acclaim’s Corporate Division provides risk and insurance consulting advice to SMEs and multi-national companies. As a prominent member of 3 major international networks, we service a wide spectrum of multi-national clients under our network partners’ global program.

Our key services comprise:

Meeting with the clients to understand their business
Analysing existing policies arrangement and identifying client’s risk exposures
Tailoring a comprehensive insurance program
Sourcing the best comprehensive cover available at the most competitive terms
Considering and proposing alternative risk solutions
Reviewing with clients the proposed tailored program and marketing outcome
Arranging for the appropriate cover at client’s instructions
Periodical visits to clients to update client’s operations, review insurance coverage and introduce latest products
Working with the Claims Division to expedite claims settlement


Some of the Property and Liability Insurance classes are:


Property Insurance

• Fire and Fire Consequential Loss
• Industrial All Risks and Industrial All
• Risks Consequential Loss
• Burglary
• Money
• All Risks for Machinery & Equipment
• Electronic Equipment
• Fidelity Guarantee/Crime
• Motor
• Plate Glass
• Boiler Explosion
• Machinery Breakdown and Machinery
• Breakdown Consequential Loss
• Stock Deterioration
• Terrorism


Liability Insurance


• Work Injury Compensation
• Public Liability
• Comprehensive General Liability
• Product Liability
• Professional Indemnity
• Directors’ & Officers’ Liability
• Software Liability
• Excess/Umbrella Liability


Others

• Contractors All Risks
• Erection All Risks
• Performance Bond/Guarantee
• Advanced Consequential Loss
• Projects Professional Indemnit


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Global Insurance Solutions – Product Liability

MNCs, manufacturers and exporters of consumer goods face considerable international product liability risk – not only for the product itself but also for the brand in the event of a major recall. This is particularly so if the defective product supplied has the potential to result in catastrophic losses. Managing legal liability can be especially complicated for companies operating in multiple jurisdictions. Arranging Product Liability Insurance that protects our clients on a global basis is an equally challenging exercise.

Country specific policies can lead to unforeseen legal battles, gaps in cover and dangerous exposure to local legal systems. If our clients supply products on a worldwide basis through third party distribution chains, the easiest and most cost effective solution is to arrange a Global Product Liability Insurance Policy with an insurance carrier that can cover global risk.

Acclaim can negotiate a Global Insurance Policy that has the advantage of the coverage being written in the home country and denominated in a universally accepted currency, normally US dollars. This makes it easier to administer at corporate level. The uniformity of the coverage design simplifies administration and also provides the assurance that any unique exposures of the product are adequately covered. This arrangement generally meets our clients’ needs and protection philosophy.

 
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