What is corporate travel insurance?
When business travel doesn’t go to plan, corporate travel insurance can help to cover out-of-pocket costs to your business and employees.
Who should consider it?
If you or your employees need to travel for work, corporate travel insurance can protect your business from financial loss associated with situations such as overseas health emergencies, flight cancellations or lost and stolen baggage.
Corporate travel insurance is similar to personal travel insurance. It can cover your business for unanticipated travel costs if specific events happen.
Corporate travel insurance also covers your directors and employees, and spouses and dependents travelling with them.
All travel carries with it inherent risks, even shortterm travel to familar overseas locations for meetings and conferences. Risks from political tensions, civil unrest, fraud, sevre weather, natural disasters and security of corporate information exist in countries that are not usually considered dangerous.
Did you know?
31% of Australians have travelled overseas in the past three years without travel insurance.
(DFAT, Survey of Australians’ Travel Insurance Behaviour, August 2016)
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