Export Manufacturer

Marine cargo

Generally reimburses an exporter for goods lost, damaged or stolen in transit by sea, air, road or rail.

Can include damaged or lost cargo, general average and late shipments

Export credit

Typically compensates an exporter when an overseas buyer fails to pay because of insolvency, dispute or political action.

Can include overseas buyer default, political events and commercial default

Product liability

Often responds when someone alleges an exporter’s product caused injury or property damage.

Can include injury to people, damage to property and product defects

Product recall

May pay to withdraw defective or unsafe products from the market, including buyer notices and replacement stock.

Can include cost of recall, business interruption, cost of replacements and crisis response

Political risk

Can offset losses when a foreign government seizes assets, restricts currency transfers or disrupts operations abroad.

Can include government seizure, blocked currency transfers, political unrest and frustrated contracts

Directors and officers (D&O) liability

Usually protects company leaders from personal liability when claims allege mismanagement or breach of duty.

Can include individual liability (Side A), company reimbursement (Side B) and entity coverage (Side C)

Cyber

Typically pays for investigation, customer notification, legal costs and income lost to an attack after a breach.

Can include breach response, business interruption and security failure liability

Business travel

Can help employees who travel for work with medical emergencies, canceled trips, flight disruption and lost luggage.

Can include emergency medical care, evacuation in an emergency, canceled trips and baggage loss or delay

These guides describe types of insurance in general. The right coverage depends on your operations and the terms of the policy issued. Pasaca’s featured lines are cyber insurance, directors and officers (D&O) liability insurance, product liability insurance and aviation insurance.