Controlled Master Programs
Controlled Master Programs (CMP) are tailored for companies that have established operations abroad and require local policies to comply with an individual country's statutory insurance requirements. Local policies provide protection for each country’s exposures in accordance with local laws and customs. The CMP provides a consistency of limits and coverages for the entire global program.
Travelers has established a leading network of local carriers and platforms in over 150 countries to help our clients manage their global insurance needs. This network provides a seamless delivery of service via a single point of contact while having relevant, in-market knowledge of compliance and coverage issues in each country. The global marketplace will continue to change quickly, and Travelers has a responsive network with current and in-depth knowledge of each local market. With over 30 years of experience, combined with our financial strength, we aim to be the leading insurance partner for businesses stretching across the world.
Seamless service and solutions save money and keep businesses focused on business. Running businesses across a few or many markets introduces complexity and can often slow down operations. Travelers is committed to delivering multinational insurance services as part of a domestic solution — including a single point of contact. We focus on delivering consistent coverage and sorting out the complexity so that you don’t have to.
Coverages
A Controlled Master Program combines a US-issued master DIC/DIL policy with locally admitted coverages in one or more countries. Each program is designed to meet the client's specific financial and insurance objectives based on the countries involved, size of operations coverages required, and scope of the insured's foreign operation. A CMP minimizes coverage gaps with a seamless, global program of foreign coverages and services.
Who is this right for?
-
Your company has established operations abroad
-
The business owns property in another country
-
You require customized coverage
-
You require claim payments made in country (as permitted by law)
Related products & solutions
Management and professional liability
Policies that fit your unique responsibilities and exposures – whether you’re a private, public, nonprofit or financial institution.
Ocean marine
Marine coverages for operations, including marine services suppliers, marine transportation providers, marine contractors, ocean cargo and luxury yacht owners.
Environmental and contractors professional practice
Broad coverage to protect against pollution liability risks and losses resulting from acts, errors or omissions in the performance of contractor professional services.
Technology
Travelers offers insurance products and services that keep up with the quickly changing needs of technology companies.
More Prepare & Prevent
Insights to help you manage risks at work and on the road
Resources for Insuring Your Business
Financial Interest Insurance: A Key Consideration for Companies with Global Risks
Companies operating overseas can address global insurance risks through financial interest insurance and a broad program of global insurance policies.
Resources for Technology
5 Keys to Choosing Global Coverage for Tech Companies
High-tech companies are operating in a global business environment, which can mean unprecedented opportunities as well as new and evolving risks.
Resources for Technology
How High-Tech Manufacturers Can Prepare for Global Risks
Operating internationally brings new business risks, from global product liability to supply chain interruption. Learn about global risk management.
Resources
Resources
Supply chain management resources
Knowing who and where your parts, products and services come from is critical to business success. Get tips on supply chain management from Travelers.
Resources
Business continuity
Understand the risks within your business and how to help prepare for the worst, with business continuity tips and articles from Travelers.
Related services
Risk Control
With more than a century of expertise and more than 500 Risk Control consultants, Travelers has the experience and technical proficiency to help businesses manage their risks.
Claim
Our knowledgeable Claim professionals will respond to your needs with speed, compassion, integrity and professionalism. It's our business to help keep you in business.