Local National Insurance in the United Kingdom, pooling not necessary?
International Insurance & Investments, LLC a McKinley International Risk Management partner is now able to place local national insurance in the United Kingdom on a direct basis working with U.S. multinational employers. In other words, the need for a multinational pooling company.. is no longer needed.
Through this partnership we are able to find insurance solutions for North American based multinationals that need to find insurance for U.K. local nationals (insurance for foreign nationals in the United Kingdom.) In the past, large companies could use multinational pooling companies to do this, but smaller companies were forced to use an “international broker network” to find a local broker in the United Kingdom that they neither knew well, or trusted. If they wanted to insure their local nationals in London there were few if any choices.
Of course, another option is to approach the large ABC consulting houses that will use their local office to insure local nationals in the United Kingdom but do you want to spend $15,000 on consuting fees to insure 20 or fewer British nationals? Why are consulting fees for local national employees so high, it’s likely the local operation in the U.K. would charge for the service, and the U.S. consultant would also take a cut even if they both worked for the same consulting company!
On a legal and compliant basis, International Insurance & Investments LLC can source insurance for British local nationals working directly for the North American based multinational. Best of all, this can be done at no consulting fees to the client. Please contact us for more information.
