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Corporate Travel Insurance – Understanding your risks!

May 21, 2013

The media recently reported that a lady hospitalised in the US incurred more than $1 million in medical bills.

The cost of overseas medical expenses can be crippling.

According to Australian Government statistics the Department of Foreign Affairs and Trade assists more than 20,000 Australian travellers a year, including over 700 hospitalisations, 600 deaths and 100 evacuations to other locations for medical purposes.

Are you covered?

If you or your employees travel either internationally or domestically while on business, you should make sure your company isn’t exposed to substantial expenses. Expenses for medical treatment, emergency medical evacuation, flight cancellations or lost luggage are just a few of the common costs that companies can face when on business trips.

 

Some key benefits of a Corporate Travel Policy include:

  • Personal injury and medical expenses
  • Luggage, money, travel documents
  • Political and natural disaster evacuation
  • Medical expenses insured for up to 24 months after the journey
  • Family assistance

Having an annual corporate travel policy will provide automatic cover for you and your employees for domestic or international travel and will save you the hassle of remembering to take out cover for each trip.


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