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Cross-border solution for firms with physical assets launched
Cross-border solution is offered to a variety of industry sectors including manufacturing, warehousing, real estate and retai
Staff on November 29, 2016
Aviva Canada has announced the advantages of its market-leading solution for Canadian domiciled companies that have physical assets, exposures or plated vehicles within the U.S. and require admitted paper.
Aviva’s cross-border solution is offered to a variety of industry sectors including manufacturing, warehousing, real estate and retail, with the following key benefits:
- Fast quote turnaround: most quotes are provided within one business day – an industry leading service proposition.
- Coverage on U.S. admitted paper: meets all state regulatory requirements and avoids unnecessary U.S. tax implications of using non-admitted insurers.
- Alleviates exchange rate fluctuations: values of U.S. property and assets are in U.S. dollars.
- Continuity of insurer: brokers can maintain their relationship with Aviva as there is no additional licensing or contract requirements.
- Seamless solution: customers receive specialized coverage to meet their business needs. Brokers have a single point of contact at Aviva for an end-to-end solution, and benefit from Aviva’s consultative services on both sides of the border.
Cross-border solution for firms with physical assets launched
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