Hanover GlobalReach
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.
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
- Food and consumer goods
- Machinery/auto parts
- Metal
- Other facilities
- Plastics
Wholesalers
- Durable goods
- Non-durable goods
Educational institutions
- Primary – secondary (K-12)
- High education
- Continuing education
Financial institutions
- Asset managers
- Depository institutions
Technology
- Electronics manufacturing
- Information technology
- Telecom
Life sciences
- Contract research
- Digital health
- Medical devices
- Pharmaceuticals
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 | ||
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International coverage extensions
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GlobalReach business travel protection
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GlobalReach exporters package
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GlobalReach controlled master program (CMP)
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| Features - Underwritten, controlled and retained by The Hanover | |||
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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 you 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 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.
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 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
Worldwide medical and dental referrals, monitoring of treatment, dispatch of doctors and specialists, and more
Personal security
Political or security evacuation services, including transportation after evacuation
Travel assistance
Replacement of lost or stolen travel document, emergency travel arrangements, translation services and more
Medical evacuation and repatriation
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.
Our entire team is focused on helping you create franchise value for your agency and win and retain more business—domestic retention levels are significantly higher when global coverage is written with a domestic carrier that can also provide the global solution. Unlock the Hanover advantage:
Broad appetite
Appetite for a wide array of companies with exposures abroad—from manufacturers and distributors, to financial institutions and technology companies—in support of The Hanover’s core offering
Competitive products
Complete suite of admitted and non-admitted international coverage solutions, including a domestic policy endorsement, a standalone policy and a controlled master program (CMP)
Underwriting expertise
Empowered underwriters serve as a single point of contact, creating a seamless account-focused solution by coordinating the placement of all of the elements of clients’ U.S. domestic and foreign insurance programs
Critical support services
Medical, security and travel-related help for employees and their families traveling to foreign locations on business through our partnership with UnitedHealthcare Global Assistance Services
Global network access
Through our partnership with the RSA Group and our access to a global network of local insurers, foreign claims are handled by local experts, providing professional claims management and servicing in accordance with local laws and regulations
Financial strength
Financial strength of a leading insurance carrier with “A” ratings from A.M. Best, S&P and Moody's
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
- Food and consumer goods
- Machinery/auto parts
- Metal
- Other facilities
- Plastics
Wholesalers
- Durable goods
- Non-durable goods
Educational institutions
- Primary – secondary (K-12)
- High education
- Continuing education
Financial institutions
- Asset managers
- Depository institutions
Technology
- Electronics manufacturing
- Information technology
- Telecom
Life sciences
- Contract research
- Digital health
- Medical devices
- Pharmaceuticals
Industry resources
GlobalReach coverage scenarios
Keep track of the key coverage and policy features offered by Hanover Life Sciences Advantage.
Resources for you
Marketing materials
GlobalReach controlled Masters program overview
International coverage information sheet
Resources for your customers
Our Risk Solutions program includes onsite and remote assessments, on-demand learning, self-service tools and custom action plans that address the complex demands and issues facing your clients.
Secure international business travel
Customer tools
Let's start a conversation today
Contact a member of our team to learn more about our coverage and services, and how we can help you tailor a solution for you and your clients.
Frank Sheridan
Head of International & Global Network
651-447-9634
fsheridan@hanover.com
Amy Sciannameo
Manager, GlobalReach Underwriting
508-855-2174
asciannameo@hanover.com