Corporate Travel includes coverage for Personal Accident, Baggage lost or misplaced, Liability, Emergency Medical Expenses overseas, Hire car excess, Kidnap, Ransom, Extra territorial workers compensation, 24 hour phone contact number and more.
A comparison table of the difference in benefits between a standard Corporate Travel policy and Travel Agent policy is provided below.
|BENEFIT||CORPORATE TRAVEL LIMITS||TRAVEL AGENT LIMITS||WHICH IS BETTER?|
|Personal Accident e.g. Paraplegic||Up to $500,000||Typically $50,000||Corporate Travel|
|Delay / Expenses||Covered unless excluded||Unless event named, nil cover||Corporate Travel|
|Hire Vehicle excess||Up to $10,000||Typically $2,000||Corporate Travel|
|Pre-existing condition exclusion||Covered – subject to fit to travel||Applies||Corporate Travel|
|Pure leisure travel of management and directors||Included||n/a||n/a|
Personal Accident Insurance provides coverage for accidental injury or sickness. Business Insurance Specialists Pty Ltd can provide coverage to cover individuals or groups including sporting member, volunteers, students, employees or directors of businesses, and also persons aged over 65.
Types of Personal Accident work covers include:
These above policies are general insurance products meaning cover is limited for weekly benefits to 104 weeks maximum (not to age 65).