Business Travel Insurance FAQs

 

 

Q: WHY DO I NEED BUSINESS TRAVEL INSURANCE?

A: If you have employees travelling as part of their work, whether internationally or domestically, business travel insurance covers them in case of accident, loss of equipment, ill health or cancellation of travel arrangements. This protects your business against unexpected costs relating to any of these issues. Some Business Travel plans will also cover the employee for leisure trips throughout the year and can be seen as an attractive benefit.

 

Q: WHAT IS THE BENEFIT OF COVERING MY EMPLOYEES TO TRAVEL?

A: As well as the knowledge that you are protecting the health and wellbeing of your employees whilst overseas, you can also reduce the risk of significant costs of returning an employee back to their country of residence should the worst happen. For example the cost of medical flights can run into the tens of thousands and could leave a business exposed to significant financial outlay if adequate cover is not in place.

 

Q: IS ANNUAL COVER OR SHORT TRIP BUSINESS INSURANCE COVER AVAILABLE?

A: Most Business Travel Insurance plans are annual contracts that cover an employee for short trips. The duration of short trips can vary but generally are around 90 days.

 

Q: WHAT IS THE BEST TRAVEL INSURANCE FOR MY BUSINESS?

A: The best travel plans will provide comprehensive medical cover and emergency assistance services. This will ensure that your employee can be treated overseas and returned to the country of residence. If traveling to remote regions it is important that you consider the level of benefits your employee can access and if it includes repatriation services.

 

Q: WHAT TRAVEL INSURANCE PLANS ARE AVAILABLE FOR SMALL BUSINESSES?

A: There are a range of plans available to SME’s in the market but there can be a minimum membership requirement in some cases. However, the Elect plan can offer cover for businesses looking to cover only 1 employee.

 

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