Global Business Concerns
With most business enterprises now being global in scope, insurance coverage needs to be global, too.
An Global Property & Liability Package is designed to cover property, operations, and products exposures occurring outside the United States of America, its territories, Puerto Rico and Canada.
Any time you sell product or services or travel on business overseas you will need to transfer risks for the following exposures:
- Product Liability for all international markets
- Property coverage overseas
- Travel perils of accidental injury or death
- Kidnap and Ransom
- Repatriation (to bring an injured employee home)
- Hired Auto coverage for overseas car rentals
- Vacation travel overseas following a business trip
- Spouse and children who are accompanying employees
- Interplant/office shipping of inventory and parts
- Trade Shows & Exhibitions
- Military Base coverage (Dept. of Defense and Dept. of State contract work)
When you establish overseas offices you will need all the above, plus the below:
- Workers Compensation (as part of socialized benefits)
- Employee Benefit Liability for overseas offices
- Auto Liability coverage (mandatory in most countries)
