Corporate Travel Insurance – Coverage, Features and Benefits

Corporate Travel Insurance: Why Your Business Needs It | Hotel Engine

Travelling is a fresh experience even if it is for work. You get to explore more about different cultures, communities, trends, people and more. But despite the purpose of travel, work or leisure, one thing remains common, i.e., safety.

Corporate travel insurance is a smart choice if you are planning a trip concerning work. This insurance policy offers several advantages that otherwise would leave you without any help in an unknown land. When you apply for corporate travel insurance, you must be aware of the reliability of the policy. Only then, you can ensure it proves beneficial when you need it the most.

Moreover, as an organisation, corporate travel insurance is an economical way to safeguard and secure your employees on a business trip. Even if you are a small business or a large multinational corporation, it safeguards your and your employee’s financial interest in case things go down south.

This article highlights the coverage, features, and benefits a corporate travel policy offers.

Coverage of a corporate travel plan

  • Safety and security

Unexpected medical evacuation, when required in an emergency, if offered by your corporate travel policy. Further, there is a single premium payment for such coverage and there is no need for periodic monthly or yearly payments. *

  • Repatriation and Funeral services

In case of an unfortunate demise of the insured on a corporate trip to a foreign land, the cost of repatriation of the remains of the individual or funeral services are compensated by the insurance company. *

  • Dental treatment and medical facilities

Unexpected medical emergencies include dental treatments that are covered by the insurance policy. While the chance of a dental emergency is rare, it is good to have coverage for it in your plan.

Along with dental treatments, other medical facilities are also available where you are required to get yourself hospitalised. *

  • Coverage for fresh passport charges

A corporate travel policy’s coverage also includes the charges that may be required in making a fresh passport, in case of loss of one. *

  • Compensation for delay in the flight

In the event a flight is delayed, the corporate insurance plan pays compensation if the delay is more than 12 hours. *

Features of a corporate travel insurance policy

When you choose a travel policy for your business travels, here are five key features that you can get:

  1. Coverage for medical emergencies

A medical emergency does not come knocking at your door. Thus, to combat emergency medical situations in a foreign country, a travel insurance plan is useful. *

  1. Coverage against lost baggage and passport

With millions of passengers taking flights, it may happen that your baggage may get lost or delayed. In either case, the travel insurance policy provides coverage. Additionally, the loss of a passport, which is critical identity proof when out of your home country, is also covered in the international travel insurancepolicy. *

  1. Safeguard you against personal accidents

When buying a travel plan, it is important to look for a cover that protects you against bodily injuries or death that may be caused due to accidents. *

  1. Trip cancellation and curtailment cover

In the unfortunate event that you need to return curtailing your business trip, the travel insurance plan has got your back covering financial losses. *

  1. Burglary protection

When you are on your business trip, you need not worry about theft and burglary at your home. The travel policy covers these kinds of events. *

* Standard T&C Apply

When buying a travel insurance policy, make sure to read the policy documents thoroughly. This will help you stay on top of your travel insurance coverage and avoid any unpleasant surprises at the time of an insurance claim.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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