Growing businesses are constantly struggling to build a strong network across the globe. Every entrepreneur has to travel back and forth for developing a global clientele base. However, the chances of uncertainties are high while travelling overseas. The unpredictability of life at any given point of time has paved the way for overseas travel insurance for corporate travel.
Before opting for a travel policy to cover your business venture, understand the basics of the plan. Here’s everything you must find out about travel insurance plans for your corporate travel. Take a look below:
What is Corporate Travel Insurance?
As the name suggests, corporate travel insurance is purchased by those working professionals who fly abroad for business. The primary aim of the policy is to provide adequate travel insurance coverage to the employees. Moreover, it protects the company from the financial disruptions caused by unfortunate events like sudden illness, accidents, and travel delays.
On the other hand, every individual must consider the inclusion and exclusions covered under travel insurance policy. Under a corporate travel policy, the insurer allows the following inclusions mentioned below:
Inclusion of corporate travel insurance:
- Baggage loss or misplacement
- Flight cancellation or delays
- Emergency cash benefit
- Medical emergency and evacuation
- Hijack coverage
- Coverage against loss of passport and checked baggage
- Accidental death benefit
- Medical repatriation
Identifying the exclusions of the policy plays a significant role. Moreover, knowing the exclusions ensures that the claims aren’t rejected. Go through the following exclusions mentioned in Bajaj Allianz travel insurance. Take a look below:
Exclusions of corporate travel insurance:
- Emergency or hospitalization due to pre-medical condition
- Loss due to the consumption of alcohol or drugs
- Overseas trip for cosmetic surgery or medical treatment
- Overseas travel journey for participation in high-risk sports like bungee jumping, scuba diving, and so forth
- Flight cancellations or delays due to strikes, protests, etc.
To sum up, corporate travel insurance offers sufficient protection for a business trip. Bajaj Allianz travel insurance from Finserv MARKETS provide their policyholders with hassle-free settlements as well as 24×7 assistance. Moreover, the travel plans from Finserv MARKETS are available online with no requirement of hefty paperwork. It is the most convenient, immediate, and affordable solution.
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