Zurich Prime International Property Damage and Business Interruption Policy

Same coverage everywhere

Zurich Prime provides the same coverage to protect your property across all countries, while respecting local regulatory and mandatory provisions.

Consistent overview of what is covered

This increases transparency and efficiency at all levels and provides you with a consistent overview of what is covered across your policies.

Less complexity in the policy despite of the complex environment

Our approach helps increase the clarity of what is covered under local policies in different countries and reduces program complexity.

All the other advantages and the reduced risk of leakage (provision of unintended cover) will result in cost benefits, which make the Prime solution most attractive for you as a Zurich International Program customer.

The wording is part of the proposal for a Zurich International Program, meaning the agreed coverage terms for the local policies (and not just the Master Policy) are clearly defined and there are no surprises after the program has been concluded. This is a unique feature in the market. We understand that terminology such as “good local standard” with uncertain meaning does not represent sufficient clarity and contract certainty at the time of binding a program.

Having local policy coverage and terms agreed from the binding of the International Program will ensure a fast and efficient issuance of the local policies. There is no need for making coverage comparisons and lengthy adaptations of local standard policies in an attempt to align with the Master Policy coverage, which has proved not to be a sustainable or viable approach. The time saved by using a global standard wording helps to reduce the time used for clarification and verification of local terms, and saves time at all levels. We also use a standard policy endorsement library to add more flexibility to cater for specific customer needs, while ensuring an efficient and consistent approach.