International Commercial Insurance: Just In Case There's A Mistake
Even companies
with the best of intentions can run into trouble. When you're in business
abroad, you may have some of the same problems that you could experience in
domestic locations, but the stakes are higher. There are some differences in
business responsibilities for overseas offices according to laws, customs,
cultural differences. International commercial insurance can help to minimize
the damage in the event of a mistake or problem.
When choosing a
custom package for international insurance, keep in mind that sometimes your
employees and business partners will make mistakes or cause the company harm.
Some actions may be accidental, while others are intentional.
Legal Troubles
If your company
is involved in a lawsuit, you will need protection for legal liability. General
liability insurance can cover problems regarding products, operations and
injuries on your company's premises, as well as events of libel and slander. If
your company is charged with misconduct as an employer, additional liability
coverage for employment practices may cover suits for wrongful termination,
discrimination or harassment.
Employee Behavior
Employee dishonesty
may result in theft of products, income or property. While most employers like
to think this will never happen, it is an unfortunate reality and business
risk. This is an optional risk coverage in a custom international commercial
insurance package. Likewise, there is specialty insurance for critical mistakes
in judgment and investment errors that company executives, directors and
officers may commit or encounter.
Clements
Worldwide offers international insurance plans for companies overseas, just in
case things don't go as smoothly as you hope. For more information on our
custom international commercial insurance options and packages, contact us at request@clements.com or +1.202.872.0060.
Labels: business insurance worldwide, international commercial insurance, management liability insurance, Professional liability