Is Liability Insurance a Must to Go Global?

When you're shopping for product liability insurance, make sure your policy covers lawsuits filed in foreign countries, not just U.S. courts

My small manufacturing business sells to companies in the U.S. and Canada. I've had inquiries from companies overseas who want to buy my products, but my product liability insurance doesn't extend globally. My current business owner's policy costs $500 a year. Quotes for adding the global liability were $5,000 annually. Can I expect to find a better price? —A.P., Windham, N.H.

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