Employee Travel Insurance

This section provides answers to the following questions:-

What does Employee Travel insurance do?
Why is Employee Travel Insurance Needed?
What cover Does an Employee Travel Insurance Policy Provide?
How much Employee Travel Insurance Cover Will my Business Need?
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What does Employee Travel insurance do?

If your employees travel abroad, you should ensure they are covered by Employee Travel insurance and that the policy covers their country of destination and any other countries they may pass through en route.

Make sure the cover extends to equipment, computers and money, if necessary.

Why is Employee Travel Insurance Needed?

Many businesses are becoming aware that Business Travel insurance is not just for their employees who travel abroad; those that host occasions such as team-building events, training courses or product launches can use this type of insurance to cover themselves for a range of eventualities. In addition, those businesses that offer services like corporate hospitality outings can also insure themselves against mishaps.

What Cover does an Employee Travel Insurance Policy Provide?

The policy can be bought on a single trip basis or as an annual multi-trip policy. The former is useful for those who travel infrequently and is generally very cheap. The latter, while generally more expensive, is designed for those who travel a great deal and works out as a more economical method than buying a separate policy for each business trip.

Business travel insurance policies will provide cover for personal accident, cancellation and curtailment, medical expenses, personal baggage and legal expenses to varying limits.

In addition to this there are specific items of cover that may be of particular interest to business travellers including cover for war and terrorism, weekly benefits to cover the salary of the Insured Person whilst temporarily unable to work, permanent total disablement based on 'usual occupation' rather than 'any and every occupation', and additional benefits such as replacement costs of staff due cancellation or curtailment of a business trip.

How Much Employee Travel Insurance Cover Will my Business Need?

Insurance for medical expenses covers you against the cost of treatment while your employee is travelling abroad. This is probably one of the most important aspects of cover, as being involved in accidents or suffering illness while travelling abroad is a frequent occurrence and the costs associated with treating and repatriating an employee can be substantial.

Unless your employee already has private medical insurance that covers them worldwide, you should aim for minimum medical expenses cover in a travel insurance policy of £1 million, although you will find that some insurers provide unlimited cover.

Compare Employee Travel Insurance Quotes Now

Employee Travel Insurance Policies will shortly be available here at Coverzones.

Coverzones is designed for those UK small businesses which simply have better things to do than fill in multiple forms, year in year out. You provide us with the details required, enabling us to compare the market on your behalf. We will then come back to you with a selection of quotes for you to consider; policies tailored to your specific business and trade.

Register a free MyCoverzones account and you can manage all your insurance needs in one place. Store your details and quotes or click through to purchase a policy. For all policies bought through Coverzones, you will also be able to amend, renew, cancel and commence a claim through your account.