Whether your business requires that you travel locally or internationally, Business Travel Insurance provides financial cover for an unexpected event, including medical expenses, trip cancellations, loss of important documents, lost baggage, and delayed flights. If you have incurred a financial loss during any of these events you will be covered.
There are two main types of Business Travel Insurance:
Business Administrative offers international Travel Insurance to employees and business owners who regularly travel to different countries. This type of insurance generally does not cover individuals who travel to perform manual labour, and who are older than the age of 75.
Business Industrial offers international and local Travel Insurance to employees or business owners who travel on a regular basis to perform some form of manual labour. The age category for this type of insurance is generally 65 years of age or younger. Doctors, technicians, electricians and engineers qualify for this category.
Passports can be easily lost, flights can be delayed, or your employee could fall ill. The last thing you need as a business owner is to have to immediately hand over large sums of money if an employee experiences any of these situations. If you’re planning on travelling for business in the near future, or sending employees off to a business venture or meeting, compare quotes and policies online to find the right Business Travel Insurance for your business needs.
Before taking out Business Travel Insurance, remember to research different cover options and providers to ensure you are getting the best policy to meet your business needs. It is also important to familiarise yourself with the policy documents so that you know what you and your employees are covered for, and what the exclusions may be. There may also be instances and circumstances where you will need to inform your insurance provider that you are travelling to certain regions, or engaging in certain activities.
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