World Insurance

Definition

• A type of liability insurance policy that provides the policyholder insurance coverage worldwide. Companies that operate globally or work with international partners may need this form of coverage.

Synonyms
global coverage, world-wide insurance

Related Terms and Acronyms

• Coverage Area — Definition,
  • A geographical area where travel insurance coverage applies.
• Insurance (insur) — Abbreviation,
  • An arrangement where one party provides financial protection to another party for specific damages or losses.
• Travel Insurance — Definition, Very Important,
  • Insurance that covers a number of events that can occur when an individual is travelling out of the province or country.