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Corporate Travel | Master Builders Insurance Brokers
Protection for incidents while travelling.
Emergency overseas medical evacuation
24 hour emergency assistance
Lost and/or damaged luggage
Lost and/or damaged personal effects
Rental car excess
Credit card fraud
What is Corporate Travel Insurance?
Corporate Travel Insurance comprehensively covers your directors and employees travelling for business interstate, intrastate or overseas.
The fundamental purpose of Corporate Travel Insurance is to give you access to medical emergency assistance while you are travelling overseas. Services include clinics, doctors and nurses, and evacuation. The policy offers emergency assistance for other risks to your safety, such as natural disasters, political unrest and extortion. Security and safety experts are on call.
The policy also covers the cost of other mishaps: lost or damaged luggage; loss of personal effects including money and credit cards; cancelled flights and accommodation; rental car excess; and more.
An effective response to a travel emergency or serious misadventure reduces disruption to your business:
- with your employees adequately cared for during and after the trip
- the costs of the emergency or misadventure carefully managed
What is covered by a Corporate Travel Insurance policy?
- Overseas medical expenses
- Ongoing medical expenses in Australia
- Overseas medical evacuation expenses
- Cover for lost luggage, personal effects, travel documents and credit cards
- Credit card fraud
- Missed transport connection
- Loss of deposits and additional expenses
- Personal injury benefits, broken bones, weekly injury, domestic help, student tutoring expenses, weekly sickness
- Surgical benefits for injury and sickness
- Political risk and natural disaster evacuation expenses
- Rental vehicle excess cover
- Kidnap and ransom extortion
- Personal liability
- Extra territorial workers compensation
- Spouse/partner accidental death
- Education fund benefit
Why do you need this policy?
Here's an example:
An executive travelled to Perth on business, and his company had a Corporate Travel Insurance Policy cover all employees for travel both local and overseas.
When the employee booked into the hotel, he found his hotel room was not made up and went down to advise the front desk. The hotel offered him another room; however, in the confusion of changing hotel rooms, he left his sunglasses in the previous unmade room.
He called reception, and unfortunately, no sunglasses were found.
The executive then lodged a claim with the Corporate Travel Insurer and was cash paid for his loss of $275.
Advice from our experts: