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
world-wide insurance, global coverage

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.