Does your Organisation need Group Business Travel Insurance?
Does your organisation need Group Business Travel Insurance?
Do you travel abroad for your business?
Do your employees travel abroad for work?
Is it wise to have Travel Insurance when going on holiday?
If the answer to all of these questions is “yes”, then you should probably consider setting up a Group Business Travel policy. Without it, your company could face huge costs that aren’t covered by your current insurance programme, as Account Executive Rob Rowley explains.
A Real-Life Example
A UK business sent a driver to Italy as part of his role. While abroad, the employee suffered a heart attack and died.
The costs of repatriating the deceased’s body were not insured because the business didn’t have Business Travel Insurance.
If business negligence had been the cause of the death, Employers’ Liability Insurance would have reacted, but this was not the case.
As a result, the business was left with significant repatriation costs – alongside lots of negative publicity from the deceased’s family.
Other Travel Risks
Although employee death is an extreme example, costs can easily be incurred for employees who fall ill overseas or need hospital treatment.
Further, there are non-health-related risks to consider when travelling on business. As with holidays, you can face unexpected complications, such as trip cancellation, delayed departure, loss of baggage, loss of passports, theft of valuable belongings and money and more.
A Business Travel Insurance policy would cover all of this. Plus, it can be extended – often at no additional cost – to include the leisure trips of business directors, their spouses and dependent children.
And the best part? Group Business Travel policies are surprisingly cheap, starting in the region of £250 per year*.
Want to know more? Call us on 01603 218230 or 01603 218250 and we’ll be happy to help.
*Representative cost based on three trips abroad for two people, including unlimited medical expenses on business travel, £10,000 personal belongings, £10,000 money, £10,000 cancellation/curtailment/change of itinerary. Cover can also be provided for business trips within the UK without flights or overnight stays, as well as unaccompanied recreational travel for directors, partners and officers.
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