On the Road Again – But With Insurance

November 1, 2019

Traveling for work can be exciting, but only if you know that your coverage has your back! Whether you're traveling by plane, train or automobile, you can have peace of mind knowing that your travel insurance can protect you against every traveler's worst nightmares. 

One way to ensure their lives are easier is by providing business travel insurance. While travel insurance policies vary, they usually include:

•    Cost of emergency medical evacuations and repatriation coordination. Evacuation from another country can cost hundreds of thousands of dollars. Evacuation for security reasons also can be expensive.

•    Reimbursement for essentials while the airline searches for lost luggage.

•    Medical and dental costs, including locating local medical facilities. This is important if employees travel outside the United States since their health insurance might not be valid in other countries. Some health coverage might only operate on a reimbursement basis. This means the employee must pay for treatment out of their own pockets and wait for reimbursement by their insurance company.

•    Trip cancellation coverage for non-refundable expenses when a trip is canceled for a covered reason, such as death in the family or illness.

•    Travel delay coverage provides some money for unexpected hotel, dining and transportation when travel is delayed for a covered reason.

•    Baggage coverage provides some reimbursement when luggage is irretrievably lost, damaged or stolen.

Business travel insurance also can provide emergency travel assistance services, such as locating alternative flights, tracking lost luggage and finding local medical care. Sometimes it can provide business-specific services and obtaining business equipment, translators, drivers and special event tickets.

Your business can pay for the coverage outright or employees can purchase coverage on a per-trip basis and be reimbursed. If the employee purchases the coverage, they should buy it right after making the first trip payment. This timing is important because some benefits, including pre-existing medical condition waivers; canceling for any reason and canceling for work reasons; only apply if the policy is purchased 10 to 15 days from when the trip deposit was made.

Please contact us for more information at info@aleragroup.com. 

The information provided in this alert is not, is not intended to be, and shall not be construed to be, either the provision of legal advice or an offer to provide legal services, nor does it necessarily reflect the opinions of the firm, our lawyers or our clients. This is not legal advice. No client-lawyer relationship between you and our lawyers is or may be created by your use of this information. Rather, the content is intended as a general overview of the subject matter covered. Barrow Weatherhead Lent LLP is not obligated to provide updates on the information presented herein. Those reading this alert are encouraged to seek direct counsel on legal questions. © 2023 Barrow Weatherhead Lent LLP. All Rights Reserved.

About Alera Group 

Alera Group is an independent, national insurance and wealth services firm with more than $1.1 billion in annual revenue, offering comprehensive employee benefits, property and casualty insurance, retirement plan services and wealth services solutions to clients nationwide. By working collaboratively across specialties and geographies, Alera Group’s team of more than 4,000 professionals in more than 180 locations provides creative, competitive services that help ensure a client’s business and personal success. For more information, visit https://aleragroup.com/ or follow us on LinkedIn.