Business travel can bring with it a variety of unexpected events that can cost your business thousands of dollars – disrupted flights, natural disasters, medical expenses and lost or stolen belongings are just a few.
Protect your business against unpredictable travel expenses with a Corporate Travel policy.
Corporate Travel Insurance is an annual policy designed to cover directors and employees of your company when travelling interstate or overseas for business.
It can include cover for:
- Unforeseen travel disruption, cancellations, loss of deposits caused by events such as terrorism, weather events etc.
- Lost, stolen or damaged luggage, passports, electronic devices etc.
- Evacuation as a result of political unrest, or natural disasters
- Unlimited overseas medical expenses, including medical evacuation
- Personal liability throughout your journey
- Rental vehicle excess waiver
- Kidnap & ransom monies reimbursement
- Accidental death and injury
- 24/7 access to international assistance providers
Corporate Travel Insurance can also cover the spouse and family of company directors when traveling for leisure. This makes it an incredibly valuable cover to include in your Business Insurance program.
Please Note: Below are some of the more common insurance policy features, however, the list is not exhaustive and some features may not be offered by certain insurers. Please refer to the insurer-specific policy wording for inclusions, exclusions, terms and conditions.
Overseas Medical and Dental Expenses
Cover for hospital, medical, surgical, nursing, ambulance and emergency dental expenses when travelling overseas. Medical cover does not exceed 12 months from the initial onset.
Luggage and Personal Documents
Cover for luggage if lost, stolen or damaged, as well as the replacement of travel documents. This includes cash and / or credit cards, if lost or stolen.
Should your journey need to be re-arranged or cancelled due to unforeseen events outside of your control e.g. illness, accident, extreme weather conditions, exam re-sit or retrenchment, Corporate Travel Insurance can help recover the financial loss.
Protection for legal liability if a negligent act or omission during the journey causes bodily injury or damage to property of a third party.
An Injury benefit is payable if an insured individual sustains an injury during the journey that results in the total loss of sight in one or both eyes, or the total loss of the use of a limb.
Kidnap and Ransom
If an insured person is kidnapped at any time throughout their journey, a Corporate Travel Policy will reimburse you for extortion / ransom monies paid up to the sum insured as stipulated in the policy schedule.