Corporate Travel Insurance Warnbro
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.
Why do i need 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 anticipated travel costs if specific events happen.
Corporate Travel insurance also covers your directors and employees, and spouses and dependants travelling with them.
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)
For frequent travellers, annual travel insurance cover is significantly cheaper than taking out cover for one-off trips
(Compare Travel Insurance, Annual Travel Insurance Guide, 2016)
24% of all travellers experienced a loss on their most recent overseas trip that would be covered by most travel insurance policies
(DFAT, Survey of Australians' Travel Insurance Behaviour, August 2016)
What can it cover?
Corporate Travel Insurance vary in the benefits they provide. Dunbar Insurance can help you find the right product to suit your business travel needs. But to give you an idea, here’s the type of cover that your policy may include:
TYPE OF COVER | POTENTIAL BENEFITS |
---|---|
Overseas medical and evacuation costs | The prohibitive costs incurred of covering staff for medical and evacuation costs if tey become seriously ill or injured during a business trip |
Life & disablement cover | Protects your valued staff if they become disabled or pass away while travelling for business |
Lost luggage and personal effects | Avoids the expense of replacing business equipment such as laptops as well as employees' lost or stolen belongings. |
Flight cancellations and missed connections | The costs of needing to book additional flights and accommodation for staff |
Rental car excess | The excess on a damaged or stolen rental vehicle |
Loss of deposits | Reimburses deposits on accommodation, flights or conferences if you or your staff member's trip is cancelled due to accident or illness |
Personal liability | Property damages you may be caused or been responsible for, or bodily damage where your at fault |
Cost of replacing an employee | content here |
What usually isn’t covered?
Exclusions, and the excess you need to pay can vary greatly depending on your insurer. However, exclusions may include:
- Some pre-existing conditions your broker can explain these)
- Refunds if your travel provider becomes insolvent
- Pregnancy
- Travelling against medical advice
Important note
There are other exclusions which Dunbar Insurance can outline for you.