World Insurance

Published: | Updated: April 16, 2018

Definition - What does World Insurance mean?

World insurance is a type of commercial liability policy that covers businesses from lawsuits in multiple countries. It covers the insured business in case a third party sues them for property damage, causing bodily harm to another person, breaking a contract, and so on. World insurance may also cover legal expenses for these lawsuits.

Insuranceopedia explains World Insurance

World insurance policies are more expensive than regular commercial policies, particularly because they require the insurance company to be familiar with the laws in multiple countries. Because of the needed specialized expertise, not all insurance companies offer world insurance.

Another insurance alternative for companies that work internationally is buying a commercial policy in every country in which they do business. The right choice depends on the company's specific situation.

How Well Do You Know Your Life Insurance?

The more you know about life insurance, the better prepared you are to find the best coverage for you.

Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

Share this:

Connect with us

Email Newsletter

Join thousands receiving the latest content and insights on the insurance industry.