BackgroundA large component manufacturer, primarily serving defense contractors, came to N.P. James Insurance to help understand their exposures for travel, shipping, and global liability for internationally exported products.

ProblemWe advised the client that while standard domestic property/liability insurance programs offer “worldwide” coverage, they cover only suits first brought in the U.S.A. local foreign court is likely to see an overseas suit first, which would result in a denial of coverage by the U.S. insurer. In addition, the client had not secured global coverage for products, operations, travel, and employee assistance.

SolutionWith tighter regulations and sanctions in world trade blocs, blunders in risk protection can be very costly. We researched and recommended a comprehensive global insurance program that mirrors domestic package at a low cost.

ResultsThe client now has protection for not only its products but also operations, travel, and employee assistance for its international business.