As multinationals further their reach and even small companies are increasingly global, the workforce becomes more internationally mobile. While an expanding marketplace clearly has its benefits, doing business in a multitude of countries can present challenges as unique and as numerous as the cultures of the world.
As business makes inroads into ever more remote and unstable areas, one important area of risk to consider is the safety of employees who are travelling on behalf of the company.
By the year 2021, BusinessTravelNews.com forecasts that companies will be spending $1.7 trillion on business travel, and Finaccord market research predicts that 87.5 million workers will be expats.
Whether heading to a sales call or a week-long conference; whether assigned to a Third World city or an offshore drilling rig, today’s travelling employees face unprecedented and growing dangers. Threats can come not only from pickpockets but from pipe bombs, not only from a foreign “bug” but from a major hurricane that impedes access to transportation or clean water.
Employers have a “duty of care” obligation to keep employees safe and healthy at work — including protecting them from travel risks, and protecting the company from associated liabilities. Here are some facts about the evolving global travel risks and how to prepare your employees:
Many people think of travel risks as lost luggage, cancelled flights or property stolen out of a hire car. While those incidents are certainly upsetting and troublesome, they’re just some of the myriad hazards that business travellers face today.
The ways to mitigate travel risks are: prepare; proactively inform; provide accessibility — and select your partner.
Chubb combines the ability to write policies in 232 countries with tools like: WorldviewSM and Multinational Research Tool to facilitate information gathering; the award-winning Chubb Travel Smart app to provide up-to-the-minute information, communication, local and location alerts; and Chubb 24/7 Emergency Assistance that offers a network of third party resources around the globe.
Wherever your employees travel for you, we’ll help ensure they have the proper protection in place — and that your company has what it needs to do business around the globe.
All content in this material is for general information purposes only. It does not constitute personal advice or a recommendation to any individual or business of any product or service. Please refer to the policy documentation issued for full terms and conditions of coverage.
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