Corporate Travel Insurance – what you need to know

By Jim Vass

Let’s say you’re running a business and that from time-to-time, you as the owner, other company directors and perhaps also key employees need to travel for work purposes.

Maybe there’s a conference a two-hour drive away. Perhaps there’s a need to meet with potential suppliers overseas.

It’s a no-brainer then, that in these circumstances you need corporate travel insurance.

And one single policy can cover all of the trips you nominate in any insurance period.

It really is as simple as that. You don’t even need to have concrete travel plans in order to take out a policy, you just need to give an accurate estimate of the number of times people within the business are likely to need to travel throughout the insurance period (typically 12 months).

And like all insurance, you hope you’ll never need it, but it just makes life easier if you do. The greatest benefit is that you don’t have to nominate individuals. And you don’t have to log every single trip.