What is Business Travel Insurance?
Business Travel Insurance offers cover that protects the personal safety of your employees and other essentials such as delays, cancellation, losses of equipment and money etc. when travelling overseas.
It is used by businesses that regularly send their employees abroad on behalf of their company.
Taking out one of these policies provides you with a simple, easy way of covering the personal safety of a number of your people for either single or multi trips.
A business travel policy should not be confused with an international health insurance policy. There are vast differences between the two however to look at it simply, International cover is a lot more like Private Medical Insurance, whereas Business Travel covers employees whilst travelling abroad.
Regarding members needing to take a medical – this depends on your insurer. Some offer a medical history disregarded policy which means existing medical conditions are not taken into account. Some providers cover this on a fit to travel basis, so pre-existing conditions can be covered as long as the member is fit to travel, but excludes any person who is awaiting diagnosis.
Usually a minimum of 2 members are needed to set up a scheme.