Insurance is one of the most effective ways to manage corporate risk. Understanding all known and anticipated risks allows a business to measure and prioritise, as well as take the appropriate actions to reduce the potential for losses.

Companies employing a risk management strategy need to identify, evaluate and develop strategies – generally through risk control and risk financing – to mitigate and finance risk in a way that vastly improves the protection of an organisation’s assets.

Sovereign Insurance Services (SIS) provides the insurance component of Sovereign’s product suite and offers a range of traditional and non-traditional insurance solutions that are aligned to companies’ overall risk management strategies. Based in Gibraltar, SIS is licensed by the Gibraltar Financial Services Commission to act as an insurance intermediary for general insurance business within the European Economic Area (EEA). SIS has also developed strategic partnership arrangements with underwriters and brokers throughout the world in order to meet the insurance requirements of our clients.

SIS will work for the Sovereign client, not the insurer, to obtain the most suitable insurance products at the most competitive pricing levels available in the markets. It will also ensure that you are not paying for insurance that you don’t need. Our range of insurance products includes, but is not limited to:

  • Corporate liability programmes including Directors and Officers (D&O) Liability Insurance, Professional Indemnity (PI) Insurance and Cyber Insurance
  • Commercial Insurance – Public Liability Insurance, Employers’ Liability Insurance and Legal Protection Insurance
  • Office insurance packages – Office Buildings and Contents Insurance, Business Interruption Insurance, Equipment Breakdown and Portable Equipment Cover
  • Key Man Insurance – to compensate a business for the financial loss on the death or critical illness of a key employee
  • Personal Accident/Illness and Income Protection/Disability Insurance
  • Kidnap and Ransom insurance
  • Marine insurance
  • Aircraft insurance

Private Medical Insurance (PMI)

Private Medical Insurance can benefit businesses in many ways. Employees working and living overseas are an expensive investment, so you need to make sure that they stay healthy. Getting the right medical help quickly can be difficult – especially if they are working in an area with very basic medical facilities or they don’t speak the local language.

PMI is also a high value employee benefit to aid recruitment and staff retention. Prompt attention, quality treatment and a speedy return to work make medical insurance a highly valued benefit for employee and employer alike.

With our PMI plans, you can protect your overseas staff and make sure they are well looked after. Whether it’s an illness or an accident, PMI means you can provide your employees with access to medical treatment and care – wherever and whenever they need it.

Choosing the right policy takes time and experience. SIS will research the market thoroughly and arrange PMI plans for corporate clients that are appropriate to their size, budget and location, as well as for private individuals and their families.