By Bill Flynn & Ken Anderson, Van Gilder Insurance Corp.
American corporations are the face of the U.S. abroad, and are often targeted by rogue governments and interest groups. As insurance brokers, we must educate our clients who work in unstable parts of the world on how they can prepare for the worst, examining both insurance coverage and other risk management methods.
Things to consider:
- Kidnap & ransom coverage with carriers that offer specific crisis response plans as part of their program
- Workers' compensation and general liability insurance that provides worldwide coverage and does not exclude terrorism- related exposures
- Foreign travel assistance coverage, including access to third-party providers that specialize in assisting overseas travelers in the event of an emergency
- Formal protocol for travelling to and while working in "at-risk" countries
- Formal employee training in protocol.
Read related: "Kidnap & Ransom Coverage Keeps Pace With Growing Risks Around the World."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
