Corporate Travel Insurance and Personal Travel Insurance can cover some similar travel risks, but they are designed for different purposes.

Corporate Travel Insurance #

Corporate Travel Insurance is designed around travel undertaken in connection with a business.

Depending on the policy, it can provide:

• Annual multi-trip cover
• Cover for multiple employees or directors
• Business equipment cover
• Replacement employee expenses
• Business-related cancellation or disruption cover
• Certain accompanying family cover
• Some incidental or private travel cover

Personal Travel Insurance #

Personal Travel Insurance is generally designed around private or leisure travel by an individual, couple or family.

Some personal policies may permit limited business travel, while others may restrict or exclude particular work-related activities.

Why does the distinction matter? #

A traveller should not assume that a personal travel policy will cover every aspect of a business trip.

Similarly, a Corporate Travel policy should not automatically be assumed to cover every private holiday.

The appropriate policy depends on:

• Purpose of travel
• Who is travelling
• Frequency of travel
• Business activities undertaken
• Equipment being carried
• Leisure components
• Policy limits and exclusions

Contact our team if you need help determining how your business travel should be insured.