
W
hen a company chooses to operate in foreign markets,
it has various insurance exposures it must entertain.
This chapter identifies the various exposures, categorizing
them and offering risk management strategies to eliminate
or mitigate.
Just as a company would not build a facility today with-
out a sprinkler and alarm system to manage the risks of fire
and burglary, a company should not source from overseas
suppliers without building in risk management and loss con-
trol features. This chapter outlines ways to reduce risks and
minimize loss in the global supply chain.
Insurance Exposures
Sourcing product from overseas creates liability expo-
sures for ...