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In response to firms providing design and construction-related services internationally, Schinnerer has packaged a program of emergency medical attention, personal assistance, travel emergency response, and security support. The program, International Advantage®, is written with a leading A-rated insurer. It ties together the resources of an international assistance coordinator and the security information and event remediation of a firm experienced in kidnap and extortion situations.
The insurance package is specifically designed for firms with employees who work overseas or travel internationally. The coverage extends to employees temporarily or permanently residing in foreign countries. The program can include commercial general liability insurance, auto insurance, commercial property and business income coverage, international medical and accident coverage, and kidnap and extortion assistance.
Medical assistance needs, such as emergency evacuation, hospital admissions deposits, medical monitoring, and employee repatriation can be financially challenging to firms without adequate coverage. Even the need for emergency cash, access to local legal assistance, or translation assistance can create immediate demands on a firm where an immediate response is difficult without expert intervention.
Firms that have either foreign installations or send employees on travel to high-risk areas face a growing kidnapping risk. Few businesses have the specialized expertise needed to effectively assess and quickly respond to threats. Extortion and ransom costs and accompanying legal expenses can be significant. Insurance, along with a team of crisis-response experts, provides two benefits. Employees remain confident in receiving appropriate support and firms know that they can mitigate potential losses.
For more information on International Advantage®, firms can contact their insurance advisor or April Young at 301/961-9805 or April.S.Young@Schinnerer.com.
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