Business Travel Insurance

Business Travel

Protection for when your

travel plans hit turbulence

Protection for when your

travel plans hit turbulence

Remove the uncertainty

All travel carries with it inherent risks. Risks from political tensions, civil unrest, fraud, severe weather, natural disasters and security of corporate information exist in countries that are not usually considered dangerous.

All travel carries with it inherent risks. Risks from political tensions, civil unrest, fraud, severe weather, natural disasters and security of corporate information exist in countries that are not usually considered dangerous.

Remove the uncertainty

What is business travel insurance

When business travel doesn’t go to plan, business travel insurance can help to cover out-of-pocket costs to your business and employees.

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Who should consider it?

If you or your employees need to travel for work, business travel insurance can protect your business from financial loss associated with situations such as overseas health emergencies, flight cancellations or lost and stolen baggage.

Business travel insurance is similar to personal travel insurance. It can cover your business for unanticipated travel costs if specific events happen.

Business travel insurance also covers your directors and employees, and spouses and dependents travelling with them.

Not all business travel insurance policies are the same.  Exclusions, the excess you need to pay and limits of liability can vary greatly depending on your insurer.  That’s why our our specialist broking team members get to know your business enabling them to provide considered advice delivering you the best policy for your specific needs.

Touch base with us to learn how we can help you.

HDL, the right partner for you.

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Did you know?

31%

31% of Australians have travelled overseas in the past three years without travel insurance.

(DFAT, Survey of Australians’ Travel Insurance Behaviour, August 2016)

Cost effective

For frequent travellers, annual travel insurance cover is significantly cheaper than taking out cover for one-off trips.

(Compare Travel Insurance, Annual Travel Insurance Guide, 2016)

24%

24% of all travellers experienced a loss on their most recent overseas trip that would be covered by most travel insurance policies.

(DFAT, Survey of Australians’ Travel Insurance Behaviour, August 2016)

What can it cover?

Business travel insurance vary in the benefits they provide. HDL can help you find the right product to suit your business travel needs. But to give you an idea, here’s the type of cover that your policy may include:

Type of cover Potential benefits
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.
Life and disablement cover
Protects your valued staff if they become disabled or pass away while travelling for business.
Flight cancellations and missed connections
The costs of needing to book additional flights and accommodation for staff.
Rental car excess
The excess on a damaged or stolen rental vehicle.
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.
Personal liability
Property damages you may have caused or been responsible for, or bodily damage where you are at fault.
Cost of replacing an employee
The cost of having to employ new staff to replace an employee who is injured or becomes seriously ill during work travel.

Case study

While visiting clients in London, your employee falls down a flight of stairs, fracturing their hip and breaking their arm.

After being taken to hospital in an ambulance, doctors take x-rays and MRIs of the injured areas. Your employee is informed that they require surgery on their hip and will have to undergo physiotherapy before they will be allowed to fly home to Australia. Their flight is scheduled for the following day and will now need to be cancelled.

A Corporate Travel Insurance policy allows you to recover some or all of these costs. Depending upon the policy, you may be able to make a claim for the medical costs of their surgery and rehabilitation, as well as the flight cancellation and additional accommodation required while your employee undergoes physiotherapy. You may also be able to claim for the hire of someone to take over your employees’ duties until they are back in Australia and fit to return to work.

Complimentary Review

Complimentary Review

Securing optimal insurance protection is becoming more challenging.

Having a fresh set of eyes can make a dramatic difference.  HDL welcomes the opportunity to evaluate and challenge your current risk and insurance program in a confidential manner that avoids disrupting existing relationships.

Insurance Broker

Our Global Insurance Network

Over 150 Insurers across the globe.

Our Global Insurance Network

Over 150 Insurers across the globe.