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Wednesday, May 16, 2012

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.

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Thursday, May 10, 2012

International Health Insurance in India Helps Employees Living Abroad



India is one of the most populous countries in the world, with more than 1.2 billion people. If your company is sending employees abroad to India, take a moment to think about that. While vaccinations are routine before relocating, expatriates can still experience health problems in India that are somewhat rare in the United States. Typhoid, hepatitis A and B, malaria and altitude sickness are all common ailments. Air quality is an issue as well, so those with respiratory problems like asthma and chronic bronchitis should take additional precautions. India health insurance is a necessity. International health insurance will cover your employees in India whether they are injured, sick or need routine medical care.

Employees relocating to India on a long-term assignment can take several precautions to lower health risks.

•          Have all recommended and required immunizations before relocating to India.
•          Avoid using untreated or non-bottled water for drinking and food preparation.
•          Prepare for monsoon season and its after-effects.
•          Minimize mosquito exposure.
•          Don't wait until something happens to read and understand exactly what an international  health insurance plan does and does not cover.

Expatriate employees should make an effort to blend in with the local population while paying attention to health and safety. Companies can help their employees to make the most of their experience abroad by planning ahead.

Photo Credit: ruffin_ready

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