Choosing the best travel insurance may be one of the most important investments you make for your employees. Corporate travel insurance could mean the difference between a smooth journey or finding your employees stuck in a tough spot. Here are four essential facts to consider before you commit to a business travel insurance policy.
Before you commit to purchasing travel insurance, keep an eye on the exclusions in each policy. The best travel insurance company is always the one that covers you no matter what — but many do exclude certain scenarios including acts of war, pandemics or certain sports and activities.
Consider hiring a corporate travel agency to take care of booking corporate travel insurance if reading the fine print isn’t your specialty.
You could have the best business travel insurance in the world, but it means nothing if employees can’t access the care they need quickly.
Corporate travel insurance should be comprehensive and easy to access abroad. Look for established and reputable companies who are experienced and certified in the industry.
There will be dozens of companies online promising the best coverage. Comparing corporate travel insurance plans is not optional — you want the best deal.
If you have an advisor who can help you compare plans for your business purposes, this is the time to contact them. If you need a second set of eyes, try consulting a travel management company.
Don’t forget to add essential information into your company travel policy. It should always be up-to-date. If events in the travel industry have changed, so should your travel policy.
Have copies of your updated policy on hand in hard copy and in digital format. Don’t know where to start? Consult our travel advisors at Forest Travel to lead you in the next steps of action for selecting the best travel insurance for your business.