Corporate Travel insurance, also known as Business Travel insurance, provides coverage for Management and staff for travel on business in Australia and Overseas. A standard Corporate Travel policy will also provide cover for pure leisure travel for Directors and management, and also incidental leisure travel attached to business travel for employees of the business. In addition most policies will provide coverage for the accompanying spouse and dependent children whilst taking the trip.
A Corporate Travel policy will typically have the following areas of coverage.
A 24 hour/7 day contact phone number is provided for emergency contact at any time as well.
For a quick explanation of Corporate Travel cover, please watch the below video.
An Insured Person suffered a life-threatening medical event on a flight travelling from Paris to Brisbane. The flight was diverted and made an emergency landing in Dubai. The insured person was admitted to Intensive Care Unit in Dubai and underwent surgery. They were flown the next day to Brisbane.
The Total Amount Payable for this loss was $ 150,000, with the Insured Person covered under the Medical, Evacuation and Additional expenses section of policy cover.
Yes, there is. For example, with delayed luggage, some policies pay if your luggage is delayed for 24 hours, some 8 hours, and others 3 hours. Some insurers will make a payment onto a provided debit card for emergency basic costs in the event of the luggage not being at your airport carousel.
Corporate Travel insurance policies have exclusions as all insurance policies do. The common ones are:
Pre-existing medical condition exclusions have been removed in some policies, and as long as the doctor says you are fit to travel, that is acceptable to insurers.
Business Insurance Specialists is an expert provider of Corporate Travel insurance. We appreciate the difference in coverage between policies and have access to all the insurers in the Corporate Travel market.
For a Corporate Travel insurance quotation, please contact us today.