As borders across the globe reopen, the long-term impacts of a global pandemic have led to a number of factors driving up medical and travel costs. The insurance industry as a whole has been faced with a significant surge in medical claims in the past year and has seen a rapid increase in the cost of medical treatment worldwide, a trend we expect to continue in 2022 and beyond.
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*Source: WTW 2022 Global Medical Trends Survey Report. Download full report
Does Chubb BTI cover COVID-19 related medical expenses for an overseas business trip? |
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Does Chubb BTI cover COVID-19 related medical expenses for a directors’/executives’ private overseas travel? |
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Does Chubb BTI provide cover if a person contracts COVID-19 and needs to change or cancel their travel plans?
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Is cover provided if a person needs to quarantine whilst travelling? Cover may be provided up to the amount shown in the Schedule, under Section 6 – Cancelation and Disruption, if the covered individual is directed by a health authority to quarantine after contracting COVID-19 whilst traveling.* |
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Does a person need to be vaccinated against COVID-19 to be covered? No, this is not a condition of the policy. However, the Covered Person must abide by travel vaccination requirements set out by a country, territory, accommodation and transport providers etc. |
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*A loss which is a result of Incidental Private Travel or Directors and Executives Private Travel shall be limited to a maximum of $20,000 per Covered Person per event.
A number of factors have led to general instability and uncertainty in today’s market, and we know these are challenging times for our brokers. Chubb is here to support you and your business, and equip you with the insights and tools to be able to demonstrate your value, and the value of adequate insurance coverage, to your clients.
Covid-19 cover is available for new business and renewals effected on or after 18 November 2021. Chubb Business Travel Insurance is issued and underwritten by Chubb Insurance Australia Limited ABN 23 001 642 020, AFSL No. 239687 (Chubb). Chubb only provides general advice and does not consider your objectives, financial situation or needs. To decide if this product is right for you, please read the Business Travel Insurance Product Disclosure Statement (PDS) and the Supplementary Product Disclosure Statement (SPDS) (the SPDS is available from your broker and contains the terms and conditions specific to COVID-19 cover). The Target Market Determination (TMD) is available here. Terms, conditions, exclusions and limits apply. Chubb Business Travel Insurance (BTI) - Top 5 things your clients need to know about Chubb’s COVID-19 cover for business travellers, Australia. Published 03/2022. ©2022 Chubb Insurance Australia Limited. Chubb®, its logos, and Chubb.Insured.SM are protected trademarks of Chubb.
Contact us to find out how we can help you get covered against potential risks