A standard commercial policy will generally cover you here in America. For corporations, schools, religious, or volunteer groups that travel abroad to further their interests, benevolence or education, it is not possible to insure them.
The wide risk exposure is possible without international coverage.
1. Commercial General Liability Insurance, Third Party Property Damage
Her company appointed Susan to represent her in a foreign country. The hotel where she was staying seemed fine until problems arose. After she was done washing up, she forgot to turn off her sink tap. While she was out generating business, constant running water leaked onto the bathroom floor. It seeped through the ceilings below and caused extensive flooding damage. International Commercial Insurance was able to compensate the hotel for its losses.
2. Products Liability Insurance (Coverage Jurisdiction).
The US manufacturer of burners for foreign companies worked with a foreign distributor company, who then sold a batch of them to a third-party client who used them as part its industrial furnace. The furnace suffered significant damage when one burner failed to work correctly. This caused the distributor to be sued by the 3rd party customer and the US-based maker. The US company was able to benefit from an international policy that covered products liability.
3. Contingent Auto Liability Insurance (Differences in Policy Limits).
A US medical supply firm sent one of its salesmen abroad by an American company. The rental car was covered by the local auto policy, which included 750,000 local currency limits and $40,000 US currency. Tragically, the salesman collided with another vehicle and the motorist who was driving the car died. The limit was exceeded by the related claim. The international commercial policy covered contingent auto liability up to $1,000,000 per accident.
4. Executive Assistance with Travel Insurance
An American organization sent its volunteers to help in a remote village in the third world. When a volunteer contracted the deadly mosquito-transmitted malaria virus, things didn’t go according to plan. The man was unable to get adequate medical attention in the area so he had to be transported to a major city. This cost amounted to $50,000. The organization had an overseas insurance policy which covered the cost.
5. Overseas Voluntary Compensation (State of Hire Benefits).
One US company hired some workers to run a factory in remote third-world areas. He fell off a forklift while he was overseeing the activities and fractured his knee. The man became disabled and was unable work for more than a month. The international insurance offered coverage to cover the mishap. It also included foreign voluntary compensation coverage, which extended the similar state of hire.
6. Accidental death and dismemberment (non-Occupational injury)
One employee took the opportunity to tour the capital while promoting American companies’ interest in a foreign nation. The tour guide explained the building’s artifacts to the worker, and he fell down the stairs. He fractured his elbow. While the international insurance included coverage for non-occupational medical expenses, it also covered related benefits.
7. Kidnap and Extortion Insurance, Kidnapping
To inspect one of the factories of his US company, the president of a US corporation flew in a neighboring country. After he entered a car that he believed was a taxi, he was taken hostage. The kidnappers demanded $500,000 as ransom. This was something that the international policy covered under the Kidnap and Extortion clause.
8. Property Theft Insurance
To teach the locals about modern agriculture, a US mission went to a third world country. They were devastated to discover that the farm equipment they had leased had been stolen by thieves. International insurance paid for the losses.