Corporate Travel Insurance is designed to cover business owners, directors and employees while travelling for work.

Policies can provide cover for domestic and international business travel.

Depending on the policy, cover can include:

• Overseas medical and emergency expenses
• Cancellation and disruption costs
• Lost, stolen or damaged baggage and business equipment
• Money and travel documents
• Rental vehicle excess
• Personal accident benefits
• Emergency evacuation or repatriation
• Additional expenses caused by an insured event

Some policies can also include additional benefits relating to employees, directors or accompanying family members.

How is it different from personal travel insurance? #

Corporate Travel Insurance is generally arranged by the business rather than separately by each traveller.

It can be designed to cover multiple employees and multiple business trips during the policy period, subject to the policy’s eligibility requirements and travel limits.

Some policies can also extend to incidental private travel, but this should not be assumed without checking the wording.

Who might need Corporate Travel Insurance? #

It may be relevant for businesses whose staff:

• Travel interstate for client meetings or projects
• Attend conferences or trade events
• Visit overseas clients or suppliers
• Travel to project sites
• Undertake regular domestic or international business travel

Cover, territorial restrictions and maximum trip durations vary between insurers.

Contact our team if you would like to discuss Corporate Travel Insurance for your business.