Work-related travel, both interstate and overseas, has become a regular part of today’s business environment. While it can bring exciting opportunities, unexpected challenges can occur. That’s why it’s essential for companies to ensure their employees are well-protected when traveling for work, just as they would be in the office.
What is Corporate Travel Insurance?
Corporate Travel Insurance helps manage the risks that business travelers may face during their trips, offering protection for a range of potential issues. Coverage generally includes lost deposits, flight cancellations, accidental death or injury, medical evacuation, theft or loss of baggage, travel documents, and personal liability.
Corporate Travel Insurance is beneficial for any business with employees who travel overseas or domestically, where travel involves planes, hotel stays or tours. As Corporate Travel Insurance can be extended to include employees and their families for leisure travel, it makes an excellent low cost employee benefit.
A typical Corporate Travel Insurance policy can provide cover for:
- Emergency hospital and medical expenses
- Replacement of lost travel documents and luggage
- Accidental death, disability and loss of income
- Hire care access
- Cancellation expenses due to delayed flights or illness
- Kidnap and ransom
- Personal Liability
Did you know?
If you travel frequently, an annual Travel Insurance policy may be a cheaper option compared to taking out cover for one-off trips.
Compare the Market: Travel Insurance
Australian travellers lodged almost 300,000 insurance claims in 2018-19, with almost 90% being paid out.
Smartraveller: Choice Travel Insurance Guide (2023)
One in four Australian travellers experienced an insurable event on their last overseas trip.
Smartraveller: Choice Travel Insurance Guide (2023)
