If you trade or operate outside the country, your insurance needs become much more complicated. That’s why choosing an international business insurance provider is the best way to set your mind at ease.
At the simplest level, an international policy fills the gaps in your existing coverage caused by geographic restrictions in policies. That way, you know that whether it’s coverage against damage to your stock or liability issues with your staff, you’ll still be better protected when they are out of the country.
An international policy can go beyond this, however, and cover specific risks that arise when you operate across borders. For example, you could get coverage against unfavorable exchange rate changes, non-payment by clients that are difficult to resolve in local courts or even a local currency freeze that means the client is unable to access their cash.
International business insurance policies vary significantly in the specific coverage they offer and the countries in which they are valid, so you’ll need to make sure your insurer is offering the right deal for your needs.
To find out more, contact us today.