Canada – Crisis Management

Allied World’s Global Crisis Management division offers an array of products that help organizations prepare for, manage, and recover from issues and incidents that threaten their employees, brand, reputation, valuation, customers, finances or operations. These organizations require highly specialized products, services and vendors to quickly and effectively respond to a crisis.

Allied World offers specialty coverage that requires targeted knowledge of the exposures, trends and markets in order to adequately manage the risks associated with each line of business.

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Accounts Receivable Insurance

Businesses have long relied on the ability to extend credit in order to facilitate trade. While selling goods or services on credit is standard practice for many companies, the risk of non-payment creates great financial exposure. In today’s increasingly complex global economy, finding solutions to help manage these risks is critical to an organization’s bottom line.

Product features

Address a client’s domestic and export accounts receivable exposures:
Pre-approved, non-cancellable trade credit insurance, including:

  • Specific Buyer(s) Limits
  • Discretionary Credit Limit
  • Named Buyer Options
  • Automatic preference claims coverage for domestic policies
  • Coverage available for:
    • Pre-shipment risks
    • Services
  • Simplified reporting
  • Annual policy periods

Target organizations

Support for CFOs of medium to large commercial companies in the United States and Canada. Key industries include, but are not limited to:

  • Manufacturers
  • Suppliers, Wholesalers, and Distributors
  • Food & Beverage, Electronics, Auto Parts, and Forest Products

Limits

  • Allied World has up to $50M per Buyer/Obligor, per Policy, reserved for top-rated debtors
  • Policy Limits of Liability are competitive and meet client needs
  • Discretionary Credit Limits enable credit departments to manage their business with confidence

Within Accounts Receivable we also offer a CFO’s Guide.

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Product Recall

Product Recall and Contamination continue to be a leading concern for risk managers within the Food & Beverage industry as well as in Consumer Goods and Component Parts. Allied World offers first and third party coverage for Product Recall, including business interruption, product extortion, product recall costs, rehabilitation expenses, replacement costs and consultant costs. With a broad industry appetite targeting a wide range of businesses, our experienced underwriters will respond quickly with a policy designed to meet each customer’s unique needs.

Product highlights

  • First Party Coverage: Product Recall Expense, Accidental Contamination, Adverse Publicity, Government Recall, Product Extortion, Malicious Contamination.
  • Third Party Coverage: Damage to the third party’s product and brand/ reputation, third party’s business interruption costs and insured’s defense costs.

Incident response

  • Allied World provides our Product Contamination and Product Recall policyholders with Incident Response services. Allied World insureds gain 24/7 access to a toll-free hotline for advice and support from seasoned crisis specialists.

Capacity

  • $10M occurrence and aggregate limits