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Why 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.
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Corporate travel insurance is similar to personal travel insurance. It can cover your business for unanticipated travel costs if specific events happen.
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Corporate travel insurance also covers your directors and spouses and dependents travel with them.
Did you know?
31%
31% of Australians have travelled overseas in the past three years without travel insurance.
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(DFAT, Survey of Australians' Travel Insurance Behaviour August 2016)
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For frequent travellers, annual travel insurance cover is significantly cheaper than taking out cover for one-off trips.
24%
24% of all travellers experienced a loss on their most recent overseas trip that would be covered by most travel insurance policies.
(Compare Travel Insurance, Annual Travel Insurance Guide,2016)
(DFAT, Survey of Australians' Travel Insurance Behaviour August 2016)
What can it cover?
1
Overseas medical and evacuation cost
The prohibitive costs incurred of covering staff for medical and evacuation costs if they become seriously ill or injured during a business trip.
2
Lost luggage and personal effects
Avoids the expense of replacing business equipment such as laptops as well as employee' lost or stolen belongings.
3
Flight cancellations and missed connections
The costs of needing to boo additional flights and accommodation for staff.
4
Rental car excess
The excess on a damaged or stolen rental vehicle.
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5
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.
6
Personal liability
Property damages you may have caused or been responsible for, or bodily damage where you are at fault.