If you have employees who are required to travel for work within Australia or abroad you should ensure you and they are not exposed to potentially large financial losses because of these travels.
Expenses for medical treatment, emergency medical evacuation, flight cancellations,hire car excesses or lost luggage are common losses companies can face when their employees are on business trips.
Most firms tend to forget about arranging travel insurance or, alternatively, arranging a series of single travel policies via their travel agent.
The best option to ensure a broader and generally more cost-effective cover is an annual corporate travel insurance policy from your insurance broker.
Annual corporate travel policies can be tailor-made to protect your business from all kinds of business travel expenses, including:
- Medical expenses
- Emergency medical evacuations
- Repatriation of remains
- Cancellation, curtailment, additional expenses
- Personal liability
- Luggage, money, travel documents
- Alternative employee and other additional expenses
- Hire car excesses
- Missed transport connections
- Extra territorial workers’ compensation
- Kidnap, ransom and extortion
- Political and natural disaster evacuations.
If you or your staff travel more than a few times a year on company business, annual corporate travel insurance is for you. That’s because it gives you flexibility and you are covered for every trip without having to remember to apply for a single policy every time.
Please contact our office for more information about the benefits of an annual travel policy for your business.
This advice is general in nature and may not suit your particular needs. You should always consider the PDS before making a purchase.