Beyond it being a risk mitigation tool, Business Travel Insurance offers some other benefits for businesses. The first is that it can be a valuable recruitment and retention tool, forming part of an employee’s benefits package, and ultimately enhancing the organisation’s attractiveness as an employer.
The second is that annual group policies are often more cost-effective than individual policies. Businesses can negotiate favourable rates and terms with their insurance provider, potentially reducing the overall cost of coverage. It also ensures consistent coverage for all employees, regardless of their roles or location. This consistency helps in avoiding misunderstandings and disputes related to coverage. Having a Business Travel Insurance policy in place removes the onus on the employee, executive or director, to have to arrange their own insurance for the leisure portion of their trip, if they have added this to their business trip.
Another key benefit is that the policy benefits and age limits on a Chubb Business Travel policy can be higher and broader than the limits on a leisure travel policy, so the covered person may have more superior cover.
Chubb’s Business Travel Insurance policy offers Business Travel Insurance to organisations that have employees, directors and executives who undertake authorised domestic and overseas business travel on behalf of the organisation. At Chubb, we recognise that senior roles are defined differently across organisations, depending on operating structure or legal constitution. Therefore, businesses can work with the Chubb team and their broker to set a policy up in a way that works best for the business.
Chubb's Business Travel Insurance policy can provide comprehensive coverage for businesses and their employees and should an emergency occur while travelling, a team of medical, travel and crisis management specialists will be ready to assist businesses and their employees 24/7.
Learn more about what is covered by Chubb’s Business Travel Insurance policy.
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