Risk location guidance
Lloyd’s provides risk location guidance on how to determine risk location and has created some examples for a selection of classes of business to demonstrate how these work in practice. The Risk Locator Tool enables market participants to define both a regulatory and tax risk location.
These risk location examples focus on Open Market business through a Lloyd’s broker. We issued Market Bulletin Y5325 - Identifying regulatory and tax risk location(s) in February 2021 which also provides more guidance and more specific class of business guidance.
Once risk locations have been determined using the Risk Locator Tool and Crystal, market participants should then check detailed Crystal content to understand Lloyd's trading rights and any processes to bind cover for the required territories.