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Six considerations for a program designProof of insuranceSatisfying local authorities• Are local operations required to obtain insurancefrom locally licensed carriers?• Does a contractual counterparty or governmententity need to be shown evidence that coveragehas been obtained locally?• Will failure to provide evidence of locally obtainedinsurance breach contractual covenants or triggerany <strong>com</strong>mercial, contractual or reputationalconsequences?Proof ofinsurance12
Six considerations for a program designClaimsThe need to respond locally• Can the local subsidiary retain local counselto defend a lawsuit?• Will the subsidiary be able to retain loss controlexperts, engineers and medical providers to assistin the claim adjusting process?• Will the subsidiary be able to retain investigators,search for beneficiaries or arrange for housingor other ac<strong>com</strong>modations in the wake of a loss?• Will the subsidiary be able to arrange forimmediate medical treatment and evacuation?Claims13
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