What is International Business Insurance?
Types of coverage in International Business Insurance
General liability insurance – Protects businesses against claims related to property damage, accidents, injuries, and negligence.
International product liability insurance – Covers injuries and damages caused by a defective product.
Workers’ compensation – Covers employees’ work-related injuries, including rehabilitation costs.
Commercial auto insurance
Professional liability (errors and omissions) insurance – Protects businesses from failure to deliver as intended or not at all.
Kidnapping and ransom insurance – A good idea in high-risk areas where kidnappings and ransom requests are common.
Commercial inland marine insurance – Protects goods while being transported via ocean cargo or plane.
Defense base act – Covers overseas civilian workers who are employed under a government contract.Â
How much does International Business Insurance cost?
Like any other type of insurance, what a company pays for international business insurance also hinges on essential factors like:
A) The company’s industry
B)Â Exposures
C)Â Claims history
D)Â Requested coverages
E)Â Number of employees
F)Â Annual revenue
When it’s time to purchase international business insurance, we can help you select the different policies your business needs based on your dealings abroad. This way, we can help you find the coverage you need at prices you can afford and that adequately cover your overseas exposures.
With the best insurance agency in Crown point.
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