Global Services

International Business Insurance Solutions

Global Services Global services

Covering clients everywhere in the world

To provide multinational companies with tailored integrated risk management, insurance and employee benefits solutions, BFL CANADA cofounded Lockton Global LLP in 2012.

Today, Lockton Global LLP is one of the largest broker alliances on the planet. It represents over 140 countries. This powerful association’s main objective is to help strengthen our clients’ businesses and produce effective results.

STEP OUT INTO THE WORLD

When it comes to establishing your business beyond Canadian borders, the need for multinational guidance, support and global resources is paramount. To face ever-changing markets and emerging risks it requires a multinational insurance program that ensures that your company’s risk management needs are aligned with your business objectives.

Because unexpected hazards can thwart growth and success, it’s vital to pinpoint them at the outset of your risk management strategy. To avoid getting blindsided, BFL CANADA can help you detect them before they become an unresolvable issue that stands in your way.

SEE THE BLIND SIDES OF YOUR RISKS FROM EVERY ANGLE

DEATH AND DISMEMBERMENT
DEFECTIVE PRODUCT LIABILITY
FAILURE TO DELIVER
KIDNAPPING AND RANSOM
NEGLIGENCE
OVERSEAS FREIGHT TRANSPORT DAMAGE
PROPERTY DAMAGE
WORK-RELATED ACCIDENTS and INJURIES

LET'S BUILD A CUSTOM INSURANCE SOLUTION

BFL CANADA’S global services team provides you with “boots on the ground” intelligence and access to a range of coverage solutions designed to promote the international success of your business.

MULTINATIONAL PROGRAM DESIGN AND DEPLOYMENT
MULTINATIONAL PROGRAM DESIGN AND DEPLOYMENT

Reduces the complexity of managing your multinational insurance program by building a customized (bespoke) international service solution that serves your global business needs. BFL CANADA’s global partners are risk experts in their respective regions, who speak the local language and understand the local culture. We provide a consistent standard of service across all borders that aligns with your company objectives, helping you build economies of scale and drive value throughout your organization and supply chain.

REGULATORY GUIDANCE AND JURISDICTIONAL OVERSIGHT
REGULATORY GUIDANCE AND JURISDICTIONAL OVERSIGHT

Provides you with guidance on insurance requirements by country, along with tailored insurance programs that pass local audits, and real-time navigation of changing legislation. We strive to keep you abreast of all legislative and jurisdictional changes that may affect your business, by leveraging resources such as internal benchmarks, comparative market analyses, updates from International Associations, and through our Lockton Global network.

CLAIMS MANAGEMENT AND CLIENT ADVOCACY
CLAIMS MANAGEMENT AND CLIENT ADVOCACY

Through the implementation of a Control Master Program (CMP) in Canada, we can develop and manage a Foreign Service Plan that sets the framework for the entire global program. Our team can deliver in-country claims support (in the local language) which adheres to pre-set loss reporting guidelines that meet your specific requirements and which align with your overall corporate objectives.

 

SERVICE OPTIMIZATION AND STEWARDSHIP
SERVICE OPTIMIZATION AND STEWARDSHIP

Delivers a guaranteed standard of service across all borders. Our in-country service teams follow pre-established service mandates, reporting directly to a centralized control in Canada to ensure consistent, faster and more efficient execution of all requests. We understand that the success of your business is not a simple measurement done once a year, but rather an evaluation done throughout the entire 365-day service cycle. Stewardship is a cornerstone of our offering, which provides accountability that is measured daily, not annually.

MERGERS AND ACQUISITIONS
MERGERS AND ACQUISITIONS

Helps you with the pre-and-post-close analysis of your target projects (either Stock or Asset deal structure), the development of a strategic post-close road map which outlines new (go forward) coverages and premium cost outline, as well as various risk transfer measures. This includes transactional liability and the procurement of Representations and Warranties coverage that protects the deal itself and the guarantees made within the SPA contract.

OTHER COVERAGES
OTHER COVERAGES

When placing coverage into foreign jurisdictions, the following issues should be considered:

REGULATORY LANDSCAPE
• Insurance legislation within the various operating jurisdictions.

COMPULSORY AND/OR OPTIONAL COVERAGES
• Statutory requirements vs optional coverages in the region.

INDEMNIFICATION
• Payment to the corporate domicile vs local subsidiary and possible penalties.

CLAIMS ADJUSTMENT
• Local admitted policies are needed in order to adjudicate in-country.

DEFENCE
• Local representation vs corporate allocation and approval.

CERTIFICATION
• Contractual and/or regulatory obligations to evidence coverage in foreign countries.

TRADE SANCTIONS
• Jurisdiction of trade and possible limitations to coverage in country.

TAXATION
• Capital gains exposure and non-admitted tax implications.

FINC
• Inclusion of a financial Interest Clause as part of the Global placement program.

COMPULSORY COVERAGE
• The need for in-country placement and evidence of select policies, such as:

  • Workers’ Compensations
  • Employers’ Liability
  • Automobile Liability

YOUR TEAM OF LOCAL ADVISORS

THE BFL CANADA ADVANTAGE

BFL CANADA has achieved extraordinary growth because of our consistent ability to perform and deliver due to our expertise, professionalism and dedication, as well as our entrepreneurial culture. This culture and work ethic have driven our growth and attracted organizations with which we have established meaningful and mutually beneficial partnerships.

Learn why

Make a difference today, start planning for tomorrow.

Book your preliminary risk assessment with a BFL CANADA advisor.
CALL YOUR LOCAL BFL CANADA OFFICE
WRITE TO YOUR LOCAL BFL CANADA OFFICE