If you have employees who are required to travel for work within or abroad you should ensure that you and they are not exposed to potentially large financial losses as a result of these travels.
Expenses for medical treatment, emergency medical evacuation, flight cancellations, hire car excesses or lost luggage are several common losses that companies can face when their employees are on business trips.
Most firms tend to forget about arranging travel insurance or alternatively arrange a series of single travel policies via their travel agent.
By far the best option to ensure a broader and generally more cost effective cover is an annual corporate travel insurance policy from your insurance broker.
Annual corporate travel insurance policies can be tailor-made to protect your business from all kinds of business travel expenses, including:
- Personal Injury
- Medical Expenses
- Emergency Medical Evacuation
- Repatriation of Remains
- Cancellation/Curtailment/Additional Expenses
- Personal Liability
- Luggage, Money, Travel Documents
- Alternative Employee and Additional Expenses
- Hire Car Excesses
- Missed Transport Connections
- Extra Territorial Workers Compensation
- Kidnap, Ransom & Extortion
- Political and Natural Disaster Evacuation
If you or your staff travel more than a few times a year on company business then annual corporate travel insurance is for you. That’s because it gives you flexibility and you are covered for every trip without having to remember to apply for a single policy every time.
Please contact our office for more information about the benefits of an annual travel policy for your business.