Perhaps most famous for its high profile court cases involving product liability and liability insurance coverage, the United States has numerous nuances to its insurance landscape. Some insurance is required by law and others by business associates such as landlords and lenders. Nonetheless, all are manageable with the right professional assistance.
Insurance (or "risk management") provides a tool that enables a company to obtain the necessary protection against the ever-changing risks of doing business. Some of the most common types of business insurance in the US include Property Insurance, Workers' Compensation Insurance, Liability Insurance, Business Crime Insurance, and Business Auto Insurance. Additional insurance options may include Spoilage Coverage, Umbrella Coverage, Transportation and Cargo Coverage, Life Insurance for Business Owners and a host of other potential coverage options.
Unfortunately, there is no such thing as one-size-fits-all business insurance coverage. Each business is unique and therefore the risk management solutions vary. A competent insurance consultant will have in-depth experience in the area of technical loss and prevention. Because the insurer you choose will be an integral part of your US-based team, it is important to sit down with him/ her to go over your business plan before making a final decision regarding who will handle your risk management needs.
Many qualified insurance firms offer guides on managing risk in the United States. The attached document is just one of many that are published. The use of the attached document is in no way an endorsement by The Council of American States in Europe (CASE), its functionaries or its member states. Moreover, CASE assumes no responsibility or liability for the professional ability or reputation of, or the quality of services provided by, the persons, firms, or companies associated with the document.
Wells Fargo Insurance Services USA, Inc.
6100 Fairview Road, Suite 1400
Charlotte, NC, 28210
Tel: (704) 336-8834