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Corporate Travel Insurance is an annual policy which allows you and your employees to travel without having to continuously arrange travel insurance.

Corporate Travel Insurance, also known as Business Travel Insurance, protects owners and employees travelling intrastate, interstate and abroad for business. It ultimately protects your company against the financial disruption caused by serious accidents, illness and travel delay.  Corporate Travel Insurance also provides cover for business owners and their families travelling together on personal trips.

What can Business Travel Insurance Cover?

All insurance policies vary by insurer, however, most will provide cover for the following:

  • Emergency Overseas Medical and Evacuation Expenses
  • 24-hour Emergency Assistance
  • Cover for lost or damaged Luggage, Personal Effects, Travel Documents, Money and Credit Cards
  • Personal Injury (and Sickness) whilst Traveling
  • Political Risk and Natural Disaster Evacuation Expenses
  • Missed Transport & Transfers
  • Rental Vehicle Excess Cover
  • Kidnap and Ransom
  • Personal Liability during Travel

Why buy business travel insurance?

Convenience: Just one policy and you can cover multiple employees in one go

It’s tax deductible: The premium paid by your practice or business may be a legitimate tax-deductible expense for business travel

Annual cover: Don’t buy cover for every business trip individually. Buy one policy for year-round worldwide travel
Cost savings: Purchasing an annual policy is far more cost effective than purchasing individual cover for each trip.

Pre-existing conditions: Pre-existing medical conditions including pregnancy can possibly be included into your Business Travel policy just ask your broker for help

Who should buy a Business Travel policy?

Companies:  Any business large or small, shareholders and directors.  Self-Managed Trustees and fund managers
Professional practices: Principal practice partners, shareholders and directors

Individuals: Directors & staff members who often travel domestically and internationally for meetings.  The policy includes accompanying spouses and dependent children should the policyholder decide to include personal travel onto your business travel.

I charge travel to my credit card and believe there is travel insurance automatically there. Is this correct?

Yes, a number of credit card providers do include travel insurance but this cover usually is the bare minimum and not at a level of cover that a broker can coordinate specific to your needs.

Case Study

An employee was sent to a trade show in Singapore to do a presentation of his company’s products.  The employee was an experienced staff member and was very confident in the company and products they sold.  Upon arrival in Singapore, he, unfortunately, experienced a severe panic attack and needed to seek medical attention.  After seeking medical treatment he was advised by the attending physician that it was not wise for him to continue with his presentation.  The employee contacted his employer and explained the circumstances and how he was unable to continue with his presentation.  The company director then made the decision to travel to Singapore and do the presentation himself.  Under the company corporate travel policy all medical costs, additional travel and accommodation were all claimed and paid for in an extremely timely manner causing minimal disruption to the company.

Losing baggage or flight cancellations are only small components of Corporate Travel Insurance.

Staff Profile

Cos_Cirocco

Cos Cirocco

National Business Manager - State Manager SA

Kylie McGrath

State Manager
WA Branch

Shane Richards

Account Manager – NSW

Su Wang

Account Manager - VIC

Therese Ryan

Account Manager – QLD/NT