What is Corporate Travel insurance?
When business travel doesn’t go to plan, corporate travel insurance can help to cover out-of-pocket costs to your business and employees.
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Corporate Travel Insurance your Can rely on
Even though going on business trips can be fun, sometimes things can go wrong. That's why it's important for companies to take care of their workers on business trips just like they do at the office. Corporate travel insurance protects against the usual risks that a business travelling might face on a trip within Australia or to another country. This usually includes loss of deposits, flight cancellations, accidental death and disability, medical evacuation, loss or theft of luggage, travel documents, and personal liability.
Who should consider it?
If you or your employees need to travel for work, corporate travel insurance can protect your business from financial loss associated with situations such as overseas health emergencies, flight cancellations or lost and stolen baggage. Corporate travel insurance is similar to personal travel insurance. It can cover your business for unanticipated travel costs if specific events happen. Corporate travel insurance also covers your directors and employees, and spouses and dependents travelling with them.
What does this Insurance cover?
Corporate travel insurance vary in the benefits they provide. Your insurance broker can help you find the right product
to suit your business travel needs. But to give you an idea, here’s the type of cover that your policy may include:
- Overseas medical and evacuation cost
- Life and disablement cover
- Flight cancellations and missed
- Rental car excess
- Loss of deposits
- Personal liability
- Cost of replacing an employee
What's not covered
Exclusions and the excess you need to pay can vary greatly depending on your insurer. However, exclusions may include:
- Some pre-existing conditions (your broker can explain these).
- Refunds if your travel provider becomes insolvent.
- Travelling against medical advice.
There are other exclusions which your insurance broker can outline for you.
Call us today to assess Corporate Travel Insurance options
If you choose us as your insurance brokers, we'll put our years of experience, in-depth knowledge of the industry, and helpful service to work for you to make sure your home, investment property, or portfolio is well protected in case something unexpected happens. No matter what criteria you give, we will research the market to find the homeowner's insurance policy and personal property coverage that fits your needs.