Insurance Solutions for U.S. Operations of Foreign Businesses & Diplomatic Entities
NSM Insurance Group’s Global Coverage Program offers insurance solutions for foreign reverse flow businesses and diplomatic entities operating in the United States. The program insures many types of diplomatic entities including embassies and permanent missions in all 50 states, as well as the U.S. subsidiaries of foreign-owned parent companies, known as “reverse flow businesses”.
Since 2006, the U.S. has been the world’s largest recipient of foreign direct investment (FDI). Foreign countries are drawn to the United States’ consumer market, skilled and productive workers, and predictable regulatory environment. Favorable domestic energy resources and low energy prices also draws foreign investment in the U.S. In the first quarter of 2015, FDI increased 267% from the previous quarter, totaling $192 billion. This was the largest FDI inflow in a quarter to date.
Our Appetite Includes
U.S. operations of foreign-domiciled businesses
Foreign diplomatic entities or missions in the U.S.
Reverse Flow Coverage
Reverse flow business refers to the U.S operations of a foreign owned parent company. NSM Insurance Group’s Global Coverage Program provides insurance nationwide to help broker agencies take advantage of the record FDI inflows to the United States. The program is available for both foreign government-related and private reverse flow businesses operating in the United States. NSM’s Global Coverage insures reverse flow businesses across many industries including manufacturers, airlines, media companies, and more for admitted and non-admitted accounts.
Diplomatic Entities Coverage
The Global Coverage Program also serves the foreign diplomatic community. The program addresses the unique exposures faced by diplomatic entities such as embassies, consulates, permanent missions to the United Nations, and more. The Global Coverage Program has the capacity to write high-value property and autos, and offers large liability limits. There are 176 countries that maintain embassies in the United States. All foreign embassies are located in Washington, D.C.
NSM Insurance Group’s Global Insurance Program offers your clients expert and quality insurance products for reverse flow businesses and diplomatic entities operating in the United States. The following coverages are available
- General Liability
- Crime Coverage
- Inland Marine
- Umbrella Liability