Foreign Coverage

Entities domiciled in the United States but which are operating within the worldwide marketplace have additional risk. Their domestic insurance coverages typically provide protection only as relates to legal action pursued within the United States, Canada and US possessions and territories. Those firms exporting product outside of these areas, or that have employees traveling outside these areas on business, likely should maintain foreign coverage.

Property ?

Overseas property exposures typically consist of personal property and ocean cargo. If actual locations exist overseas where product is stored and/or in transit at the risk of the insured, the maintenance of property coverage is recommended. Further, if regular shipments of goods are made overseas; transit or ocean cargo coverage should be con-sidered, rather than relying upon securing such protection via a shipping agent.

Casualty ?

Foreign liability protection serves to protect an organization from third-party claims directed at it, which are pursued outside the United States, Canada and US possessions and territories. Such claims might arise from premises/operations occurrences, products liability or automobile liability. In those instances where such potential loss exposures exist, the inclusion of foreign general liability and automobile liability coverage is suggested.

Workers Compensation ?

While person?s temporarily traveling outside of the United States on business continue to be afforded protection by an entity?s domestic workers compensation program, there are additional exposures, which should covered. The maintenance of foreign workers compensation protection will ensure that additional benefits such as repatriation expenses (the transportation costs associated with ensuring an injured employee receives medical care in a proper environment) and endemic disease protection are in place. Further, such coverage typically includes access to an organization, which specializes in affording assistance to persons overseas in need of medical help or experiencing other travel-related problems.