The World Bank Group requires insurance coverage from its vendors. Insurance requirements vary in accordance with the type and complexity of the goods and/or services requested and Certificates of Insurance may be required. Specific insurance requirements for each country can be found in the World Bank Group's Individual Country Insurance Requirements Matrix.
Examples of the types of insurance that may be typically required are:
- Worker's compensation or other social insurance required by local legislation
- Employer's liability
- Personal accident
- General third-party liability
- Professional liability
- Automobile liabilities
The coverages will be based on the country of the vendor. However, when the work will be performed in the United States, US requirements will apply.
INSURANCE BROKER RESOURCES
This information is provided solely to help vendors identify potential options for obtaining appropriate insurance coverage in their location.
The World Bank Group does not endorse, recommend, or promote any of the insurance brokers or companies listed below, and has not negotiated special fees, discounts, or preferential arrangements with any of them.
The following are examples of globally operating insurance brokerage firms. Please note that many other national and international brokers may offer comparable services in a country or region.
For local and regional options, vendors may also consult the Worldwide Broker Network (WBN), a resource for identifying reputable insurance brokers operating at the national level.