For companies of every size that have employees traveling overseas, there is a gap in your insurance protecting those employees. In this article, I’ll describe what that serious gap is and how to close it with business travel accident insurance, and why this is important to your business.
So what’s the gap when employees travel? and why is this important?
The gap that occurs for your employees when they travel overseas is that if they are injured or become suddenly ill your workers’ compensation policy will not respond to cover their medical expenses or worse evacuation expenses if this is a serious issue and they need medical transport.
Also, your group employee benefits or health insurance can’t respond in a timely manner either.
So that means your valued employee who you owe a duty of care is paying those expenses out of pocket, which they hope you’ll reimburse them for.
Part of my job working with clients is to help them identify and mitigate risk, and for firms with any travel exposure, this is a significant risk issue to deal with.
Luckily, business travel accident insurance is here to help.
Business travel accident insurance can cover your valued employees and fill this gap that exists between your other policies and pays for out-of-country medical expenses.
In addition to covering medical expenses, a good business travel policy can cover medical and security evacuations, repatriation, and travel inconvenience costs.
The best part of a travel policy is that most good ones come with 24/7 emergency assistance for any travel-related issues such as emergency and security assistance, and medical assistance.
Traveling employees are helping your company grow and in return, employers owe these employees a duty of care and diligence which can be covered by a business travel policy.
And it can be done easily and affordably.
Want more information?
Reach out and let’s connect.
I look forward to speaking with you about managing this risk for you and your team.
Thanks!
