Q: A UAE consulting limited company requires public liability and professional indemnity insurance for getting work from UK-based clients. What are the options for an overseas-based company to get UK pound-denominated insurance?
Jan 17 2012
Answered by: Jason Stockwood Ask a question
When dealing with international businesses, or businesses trading in the UK from abroad, insurance issues can be complicated.
Insurance can be arranged locally (in the UK) for an expat organisation in pound sterling, however many UK insurers will not be able to assist because of restrictions to their licence. I’d recommend that you approach an insurance broker with expertise in international insurance as they will help you to access those insurers with the relevant licences for international business, or that offer Lloyds underwritten products which will provide the cover you need.
There are also some other options for locally sourcing the public liability insurance and professional indemnity insurance needed in order to trade in the UK. You can go through the United Arab Emirates branch of a Lloyds insurance broker, or a UAE insurance broker with access to the UK insurance market.”
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