Extra Expense for Multinationals
Extra Expense Insurance protects organizations against the additional costs incurred to continue operations following a covered loss or disruption.
Coverage is designed to support operational continuity by reimbursing necessary expenses incurred to minimize downtime, maintain services, and reduce the financial impact of business interruption events.
Coverage typically responds to extra costs arising from property damage, equipment failure, utility interruption, natural catastrophe events, or other covered incidents that require temporary operational adjustments or emergency response measures.
Coverage may also include protection for temporary facilities, expedited shipping, equipment rental, emergency staffing, relocation expenses, technology recovery, and other necessary costs incurred to restore or maintain operations as quickly as possible.
For multinational organizations, coverage may be coordinated through a Controlled Master Program (CMP), such as the WMB Global Risks Global Master Program, with locally admitted policies where required to support coordinated protection and consistent coverage standards across jurisdictions.
Extra Expense Insurance is designed to help organizations reduce operational disruption, maintain continuity, and recover more efficiently following covered loss events.