Foreign Package

Global coverage is essential for companies doing business globally. Do any employees or owners travel outside the U.S. for sales trips, purchasing trips, or seminars? Does the business export or sell any goods outside the U.S. (including goods sold over the internet)? Does the U.S. company exhibit or attend foreign trade shows? Information regarding a free, no obligation quote for Global Package including Foreign Liability coverage, is available through VFIB with carriers rated “A” (Excellent) and higher by A.M. Best.

Eligible Classes of business are, but not limited to:

  • Colleges/Schools
  • Religious Organizations
  • Non-Profits and Social Service Organizations
  • Museums, Libraries, Municipalities
  • Zoos
  • Accountants
  • Trade Associations
  • Consultants and Contractors

Coverage Available: Global Package, Foreign Travel Liability, Kidnap and Ransom including:

  • International Commercial General Auto
  • International Business Auto
  • Employee Foreign Protection (EFP)
  • Kidnap & Ransom (also can be written monoline)
  • International Property

Why is Global Coverage needed?

  • Provides coverage for losses and law suits brought in foreign countries. Most domestic policies only cover losses and law suits in the U.S. It can be expensive and complicated to defend a law suit in a foreign country
  • A foreign package policy provides a separate set of limits that applies to foreign losses so that the full set of limits on the domestic policy is retained for U.S. losses
  • A foreign package policy can protect your traveling employees, board members, or volunteers with foreign voluntary worker’s compensation, employer’s liability, and business travel accident coverage
  • The business travel accident coverage can also include coverage for student travel with trips defined to include up to 14 days of personal travel While traveling overseas, emergency assistance services are provided including assistance for travel emergencies, medical emergencies, evacuation situations, and even pre-travel information
  • Coverage includes Political Evacuation if the foreign country or the U.S. Government advises U.S. citizens to leave the country due to political situations
  • Coverage for Kidnapping, Ransom, and Extortion can be included with a wide choice of limits available
  • Excess Limits available up to $8M for GL, Auto Liability, and Employer’s Liability
  • Accidental Death and Dismemberment included as part of Business Travel Accident with a wide variety of limits available
  • Offering foreign package insurance can help prevent Insurance E&O claims

Submission Requirements:

  • Completed application
  • 3-5 years of currently valued loss runs if available
  • Target Premium