Business Travel Insurance Plans
Provide peace of mind to your employees traveling outside their country of residence with worldwide business travel medical insurance coverage for your mobile workforce. Expat Financial can source group business travel medical insurance plans to cover employees traveling abroad for business. The plans can also extend to pleasure travel and even cover dependents.
A typical business travel health insurance plan covers treatment for an acute injury or illness and medical evacuation. The plans also offer evacuation insurance coverage on a standalone basis or as part of an overall policy. Personal accident coverage can also be purchased.
You can contact us for a quote. Please include as much information about your company as possible, including an employee census with travel details and other relevant information. We will then call or email you to discuss your requirements and report back with some insurance options from the market. We represent several global insurance companies, and we do not charge a fee as TFG Global Insurance Solutions Ltd. is compensated by the insurer. We can access business travel medical plans covering COVID and even terrorism-related claims.
Top Eight Reasons Your Company Should Secure Business Travel Insurance
Here are eight reasons why your organization should buy an international business travel medical insurance policy:
- Financial Protection – Note that medical expenses incurred abroad, especially in some countries such as Hong Kong, the USA and many others, can be exorbitant. A group plan can also provide much better rates than buying individual policies.
- Domestic Health Plan Not Sufficient – Many corporate health plans may not cover emergency medical expenses outside the country, but others that do will have coverage that is fine for pleasure travel, but not business travel. This is especially important if your employees are being sent to high treat countries.
- Access to Medical Care – The insurance provides access to quality healthcare facilities, which might otherwise be challenging to afford or unavailable. Most providers will give your employees access to a medical network that will allow for direct reimbursement or a guarantee of payment.
- Expert Assistance from the Insurer – Most business travel plans will give your employees access to their medical teams, which can be life-saving in the event of a health emergency abroad, especially if an evacuation is required or your employee is travelling in a country with limited healthcare.
- Duty of Care – Comprehensive medical and evacuation coverage for an employee serving abroad on short-term assignments through a global business travel plan is critical to meet your duty of care to your employees. Otherwise, an incident not fully covered could open your business up to severe legal penalties and losses.
- Compliance with Corporate and Legal Rules – Many countries require that all visitors and expats have adequate emergency health coverage, including evacuation and repatriation, and may require a confirmation of coverage from the insurance provider. A visa might not even be issued without adequate travel medical coverage.
- Peace of Mind – A properly designed business travel medical plan can provide employees with well-being. They can then feel confident that if something happens, they will be taken care of. Global mobility teams and HR managers can also ensure that a medical emergency won’t impact their business operations.
- Access to Supplemental Coverage – Many business travel policies will often include additional services such as:
- Personal accident coverage
- Crisis support
- Trip interruption
- Mental wellness support
Secure Business Travel Coverage Now
Click HERE if you require an individual travel insurance plan that you or your firm can purchase online. If your organization requires group travel health insurance for a single trip for 5 to 1000 individuals, contact us for a custom solution, especially if you require an annual multi-trip plan for a number of employees.
It is an excellent program for organizations needing group business travel medical coverage for a group of travelers who are travelling simultaneously. Finally, should your employee be traveling to a high-risk country, please contact us via email and we can approach our special risk underwriters for a plan that will cover passive war and terrorism. We can also review your existing coverage to make sure it will meet your duty of care.
