Corporate Travel Insurance

When business travel does not go to plan, corporate travel insurance can help to cover out-of-pocket costs to your business and employees.

What is corporate travel insurance?

When business travel does not go to plan, corporate travel insurance can help to cover out-of-pocket costs to your business and employees.

Who should consider corporate travel insurance?

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

Corporate travel insurance is similar to personal travel insurance. It can cover your business for unanticipated travel costs if specific events happen. Corporate travel insurance covers your employees and directors, and spouses and dependents travelling with them. 

What can corporate travel insurance cover?

Corporate travel insurance vary in the benefits they provide. Your Westphalian insurance broker can help you find the right product to suit your business travel needs. Depending on your policy, corporate travel insurance may cover you against:

Type of coverPotential benefits
Overseas medical and evacuation costThe prohibitive costs incurred of covering staff for medical and evacuation costs if they become seriously ill or injured during a business trip.
Life & disablement coverProtect your valued staff if they become disabled or pass away while travelling for business.
Lost luggage and personal effectsAvoids the expense of replacing business equipment such as laptops as well as employees’ stolen or lost belongings.
Flight cancellations and missed connectionsThe costs of requiring additional flights and accommodation for staff.
Rental car excessThe excess on a damaged or stolen rental vehicle.
Loss of depositsReimburses deposits on accommodation, flights or conferences if you or your member’s trips is cancelled due to accident or illness.
Personal liabilityProperty damages you may have caused or been responsible for, or bodily damage where you are at fault.
Cost of replacing an employeeThe cost of having to employ new staff to replace an employee who is injured or becomes seriously ill during work travel.

What usually isn't covered by corporate travel insurance?

Exclusions, the excess you need to pay and limits of liability can vary greatly depending on the nature of the product you are purchasing, the associated risk, the insurer and the requirements of your business.

Policies generally do not include cover for:

  • Some pre-existing conditions
  • Refunds if your travel provider becomes insolvent
  • Pregnancy
  • Traveling against medical advice

There are exclusions which are specific to each type of policy, which your Westphalian insurance broker can outline for you. 

Expert advice to help protect you

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