Howdy Partner…Are You REALLY SURE Your Insured Doesn’t Need Foreign Insurance Coverage?

LEARNING OBJECTIVE:
To teach insurance professionals about the increased exposure due to so many U.S. businesses embracing global opportunities and an understanding of foreign liability insurance programs.

DESCRIPTION:
Today, even a small company can source or sell products and services overseas, and policyholders may be surprised to learn that the policies they purchase only respond to incidents in the United States, Canada, and Puerto Rico. Even policies that purport to provide coverage for incidents occurring anywhere in the world are often limited to claims or suits brought in the United States. Determining the right program requires a basic knowledge of the legal risks and exposures Insureds face when doing business in other countries, with foreign companies, and the programs available to them.