World Insurance is a type of commercial liability insurance that provides coverage any time a policyholder is sued virtually anywhere in the world. This makes it an ideal coverage option for companies who conduct business across international borders and need to protect their assets and investments from a variety of risks. Policies are generally tailored to the needs and risks of the policyholder, with restrictions in place to limit the company’s liability.

While virtually any kind of commercial liability insurance can be purchased as part of a world insurance policy, some of the most common types include foreign commercial general liability insurance, foreign business auto insurance, foreign voluntary workers’ compensation insurance, and foreign travel accident and sickness insurance.

Foreign commercial general liability insurance is one of the most fundamental forms of world insurance. It is designed to protect businesses from third-party claims that may arise from such injuries as property damage, death, or bodily harm that result from some form of negligence. Common claims may involve the policyholder’s employees or products, or simply someone coming onto the policyholder’s premises to do business.

Foreign business auto insurance is similar to the domestic version and is designed to protect companies when their vehicles are used for business-related purposes in other countries. It provides coverage for not only damage to the vehicle but also any third-party damage or injury claims, making it a must-have coverage for companies who operate internationally.

Foreign voluntary workers’ compensation is an often-overlooked form of world insurance that can provide protection if a policyholder’s employees are injured while working abroad. This type of coverage is not required by law in most countries, and therefore policyholders may not be obligated to purchase it; however, it can be invaluable in times of medical need for employees who may not have access to the same coverage or medical facilities that are available in their home country.

Finally, foreign travel accident and sickness insurance is available for when employees need to travel abroad as part of their job. This coverage helps to pay for medical expenses or death benefits in the event an employee is injured or killed while traveling for work.

By purchasing world insurance, companies can ensure their financial well-being against potential liability claims that could arise from foreign activities. Different types of coverage will be needed depending on the scope of a company’s operations, but there are a wide variety of policies that can be tailored to fit any budget and provide adequate protection.