When employees are assigned to overseas projects, employers should review insurance requirements in both the home and host countries, including state-specific workers' compensation requirements in the U.S. and corporate accident insurance maintained in Korea.
Insurance requirements and enrollment procedures vary by jurisdiction, making it important to establish an appropriate insurance program before employees are dispatched. Hanbridge Partners helps businesses implement insurance solutions that comply with local requirements based on each assignment and project.
Key Services
We assist businesses in obtaining workers' compensation insurance for employees assigned to projects in the United States. We review state-specific insurance requirements and enrollment procedures to help clients maintain compliance and reduce contractual and operational risks.
We assist with corporate accident insurance for employees assigned overseas. Based on the destination, assignment type, and project duration, we review appropriate coverage and help businesses establish insurance programs suited to operational needs.
We review insurance coverage and costs based on each company's assignment structure and operational needs. By comparing local insurance requirements with existing corporate policies, we help avoid duplicate coverage, identify coverage gaps, and optimize insurance costs.
We advise on insurance structures and the related tax treatment based on the policyholder, premium payment arrangements, and assignment structure. We review accounting and tax implications to help businesses establish an efficient insurance framework for overseas assignments.