International business insurance offers unparalleled protection across international borders

Coverage that goes beyond your existing policy.

At its core, an international policy serves to address the gaps in your existing coverage that may arise due to geographic limitations inherent in standard policies. This ensures that, whether you require protection against damage to your inventory or face liability concerns with your personnel, you remain safeguarded while operating outside your home country. Typical coverages included in an international business insurance policy may encompass general liability, errors and omissions liability, as well as workers’ compensation insurance tailored specifically for international enterprises. Additionally, other coverage options worth considering include business automobile insurance, kidnap and ransom coverage, marine insurance, and medical risk insurance.

The risks involved with international business operations.

An international policy may extend beyond conventional boundaries, encompassing specific risks that emerge when engaging in cross-border operations. For instance, it is prudent to secure coverage against unfavorable fluctuations in exchange rates, non-payment by clients that may prove challenging to address in local jurisdictions, or even the possibility of a local currency freeze that hinders the client's access to their funds. These scenarios represent unique challenges that may occur, and it is advisable to consider obtaining coverage to safeguard your business from unforeseen circumstances.

Conducting business outside the country? Get covered.

If you engage in trade or conduct business operations outside the domestic market, your insurance requirements become significantly more complex. Selecting an international business insurance provider is one effective way to alleviate concerns. However, what does it truly entail to operate on a global scale? Below are some scenarios where your business may benefit from considering an international insurance policy:

• Importing products from foreign countries.

• Maintaining an office in another country.

• Offering services beyond domestic borders.

• Deploying employees to other countries for business purposes.

What to consider when choosing a policy.

International business insurance policies exhibit considerable variation in the specific coverage provided and the jurisdictions in which they are applicable. It can be reassuring to know that your business is protected in the event of unforeseen circumstances occurring abroad. If your work extends beyond national borders, it is prudent to consider this type of coverage.

For further information regarding international business insurance, please contact us to discuss your coverage options and business requirements.