Business travel is a crucial part of the job. You will always carry tasks at hand and learn something new. But you want to avoid getting sick – there are ways to stay healthy and safe on the road. With an appropriate business travel insurance plan, your employee can be covered while travelling around most if not the entire world. In this article, we will introduce business travel insurance policies to provide your company and the employees with peace of mind.
Why is Business Travel Insurance Important?
Companies continuously need to expand their markets, and reaching and maintaining international customers means that your company will have to send employees overseas for short and extended business trips. It is your company and management’s fiduciary responsibility to provide excellent medical and evacuation coverage when you send your employees abroad for business. Emergency medical claims that are the result of an illness or injury can be quite substantial, so it makes sense to protect your organization’s bottom line and obtain business travel coverage. This is especially important as domestic health plans often do not cover employees who travel abroad.
During your intensive business trip, you might not have the chance to consume healthy food nor the time to work out – sometimes you don’t even know what’s the place you’ll be staying. For business owners, time is money. You want to make sure that your employee is best protected with peace of mind when travelling worldwide.
What’s Included in a Business Travel Insurance Plan?
A corporate travel insurance plan usually covers treatment for acute illness and injury. Some cover highlights are:
- Cover for single or multiple business trips for up to 1 year
- Full coverage for hospitalization and outpatient treatment
- Flexible for coverage: board members, spouses, children, guests with business connections or expatriate employees
- Free choice of public and private hospitals.
- Optional coverage for an employee’s dependents and pleasure travel
- Personal Accident Coverage
- Medical Evacuation Cover
- Trip cancellation benefits
Click HERE if you require an individual or group travel insurance plan that your or your firm can purchase online. If your organization needs group travel insurance for a single trip for 5 to 1000 individuals, please contact us for a custom quote, especially if you require an annual multi-trip plan for a number of employees. It is an excellent program for organizations in need of group travel medical coverage for a group of travellers who are travelling at the same time. Finally, should your employee be going 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.