We offer both of the two general types of international package programs:
Foreign Packages are issued in the U.S.A. with a broad menu of coverages including:
*Other names for Foreign Package are international package, exporters package, cross border package, and international insurance.
Controlled Master Programs extend Foreign Packages to include policies issued in other countries where the insured has subsidiaries registered and doing business. Policies issued in those other countries will be subject to the premium taxes of those countries, which is a significant compliance issue.
Insurance premium taxes in some important European countries exceed 20%. Loss payments from local policies will generally not be subject to local income tax. Property loss payments from insurances outside the country may be subject to local income tax.
Contact us today for more information about Foreign Packages and CMPs or complete our quote form