Buy Travel Insurance for a Hassle free Trip!
Being is a business owner is a lot more than just making profits. You have to make sure that your business is flourishing and with that comes the responsibility of taking care of your employees. From offering on-job benefits and bonuses to group health insurance plans, there is a lot that a corporate can do to make sure that employees are protected. One such thing corporates invest in is business travel insurance. Business travel insurance plans go a step further and protect not only employees but also employers when they travel abroad for work. Let’s understand all that there is to know about business travel insurance.
A corporate or business travel insurance is a special kind of travel insurance plan designed for business owners or companies as an entity. It extends its coverage to both employers and employees who have to travel for work purposes. A business trip insurance plan is much like any basic individual travel insurance plan and offers similar types of benefits. If an employee meets an accident when traveling for work, the company ends up with liability. This makes business travel insurance a good way to protect the company against any big losses that may arise in such situations.
The benefits that a business trip insurance provides may differ as per the provider and type of coverage you choose. Following are some of the basic things that you can easily find in most corporate travel insurance plans:
Following conditions and expenses are seen as the general exclusions for most corporate travel insurance plans.
Business travel insurance is provided to the employees by their firm. The eligibility can differ as per the company policies here. The basic eligibility criteria to meet is – applicant must be a UAE citizen or resident with properly documented proof and must work with a corporate firm.
You simply need to fill out the travel insurance claim form and submit it with your HR representative to make the claim. The HR representative of your company will take your claim further and examine it for settlement. You can either obtain the claim from your office or directly from the website of the insurance provider. Just make sure that the form you have downloaded is for corporate travel insurance and not personal travel insurance.
Traveling for business purposes is inevitable and exceptionally important more often than not. But no matter how important a trip is, every one of us would want to return home safe and sound. Business travel insurance plans can make that possible for us, given that you choose well and offer your employees good coverage for their business trips. Whether you are an employee or an employer, you can benefit greatly from a business trip insurance plan. So, weigh your options and make a sound choice.