What does Foreign Liability Coverage mean? Read on to discover the definition & meaning of the term Foreign Liability Coverage - to help you better understand the language used in insurance policies.
Foreign Liability Coverage
A specialty policy for an insured's liability for foreign operations arising out of a permanent branch office, manufacturing facility, construction project, or other operation located in another country. The commercial general liability (CGL) policy provides coverage for incidental exposures for example, when an executive who lives and works in the United States and occasionally travels overseas for business trips. For permanent operations in foreign countries, a separate foreign liability policy is required.
We hope the you have a better understanding of the meaning of Foreign Liability Coverage.