Choosing traveler insurance, whether that be international or domestic, requires a lot of research.
We have researched and detailed the top 5 reasons you should get travel insurance for your employees.
1: Shouldering The Financial Burden When An Employee Gets Sick/Injured
As a business, you want to ensure you are covered if an employee gets sick on work business.
Whether it be the flu, a fall down a flight of stairs, or even an emergency operation, you don’t want to be caught having to pay out. Similarly, you don’t want your employee to pay the costs. This can result in an uncomfortable work environment and tension between staff relations.
If injury/illness on a work trip occurs, you want to be prepared for any extra costs. Ensuring you have a travelers insurance company to pay out in case of illness/injury is vital for any company.
Top Tip: Double-check that medical insurance is included when choosing travel insurance.
2: Trip Protection & Money Back Guarantees
With the state of climate change, natural disasters are more frequent than ever. Sending your employees on a work trip comes with a great cost of being canceled due to a freak hurricane or inclement weather.
Let’s say you’ve paid for the flight and your employee has landed. Just as they’re about to go to their meeting a hailstorm hits and they have to stay an extra night. Now on top of missing the meeting, you have to pay for another night at the accommodation.
If you have travel insurance you will be protected from natural disasters like this. Your insurance company should reimburse you for the extra night, and potential re-booking of the trip.
On the trip protection side of things, don’t discount the cost of lost luggage. This is especially important for international or longer work trips where your employee will be carrying a lot more luggage.
Yes, your employee should be carrying all important documentation and work attire on their carry-on. But if it’s a longer trip, maybe they’ve put it in their other bag. In this case, they’d have to purchase a new work suit/outfit that will end up costing you.
While most airlines will pay out some cash to cover the lost luggage, the travel insurance that you purchase should include coverage as well.
3: Flight Cancellations
Similar to the previous point, if a flight gets canceled you do not want to have to pay for both the flight and the whole trip again.
Ensuring that your travel insurance covers canceled flights is non-negotiable. It also means money back, and the freedom to re-book the trip at a minimal/no expense.
If a flight is grounded on the way home the employee will have to pay for all necessities during the cancellation period. If you have traveler insurance, your insurance company will reimburse you for all extra charges.
4: Good Benefits Attract Stellar Employees
When seeking new employees, having a standout travel insurance policy may attract the right type of person you need.
If a top-qualified potential employee sees that you have travel insurance it can attract them to apply for the position at your company. The more details surrounding their employee benefits, the better.
Using your internal insurance broker to formulate and find the perfect travel insurance will help refine your employment requirements.
Similarly, when choosing your travelers insurance there are a multitude to choose. From lost baggage to illness and/or injury, and unforeseen cancellation to even death, be careful when selecting the type of insurance plan that works best for you.
5: Peace of Mind
While this may seem like an obvious reason, hear us out. On the employer side of things, you might be a bit irritated that you have to pay for travel insurance. Most of the time, nothing goes wrong.
But look at it from the employee’s side of things. While traveling, they’re on the clock and in a different state/country. Perhaps the climate is different, or the tickle in the back of their throat is getting worse.
Knowing that their company is covering them for an emergency visit to the doctor will give them peace of mind. Otherwise, they probably wouldn’t be able to afford the doctor which turns into stress which turns into them getting even more sick. This can result in a low work ethic and a bad mood, which can result in an unsuccessful meeting.
A well-researched traveler insurance company will make your life as an employer less stressful. Having traveler insurance will garner a healthy relationship between you and your employees as well as save you money in the long term.
