Are you covered by your company when you travel abroad on a business trip? Perhaps you need to organise travel insurance for an employee going oversea? Or maybe you’ve got a group trip and you need a professional policy for lots of staff? If that's you, you've come to the right place!
Corporate travel insurance for professionals covers companies from financial losses occurred by employees during international and domestic business trips.
Why buy business travel insurance?
Convenience: Just one policy and you can cover multiple employees in one go
It's tax deductable: The premium paid by your practice or business may be a legitimate tax deductible expense for business travel
Annual cover: Don't buy cover for every business trip individually. Buy one policy for year-round worldwide travel
Cost savings: The prices on our site are the same and buying direct. We compare insurer’s quotes to help you find a great deal on your corporate travel insurance
Who should buy it?
Small businesses: Small business owners, shareholders and directors
Self-managed super funds: Trustees and fund managers
Professional practices: Principal practice partners, shareholders and directors
Individuals: Staff members who often travel domestically and internationally for meetings
Get a travel insurance quote
Looking for cover from the experts? Get business class cover with Covermore. Both business and leisure travel is allowed.
What policy should I buy for my business?
Individual business insurance
If you’ve just got one employee to arrange cover for, this is the policy you’ll need. You don't need to do anything different to select a business trip on our comparison. You can either chose to buy a single trip policy, or if you know the individual will be going overseas on a regular basis it’s best to buy an annual multi trip policy to cover for unlimited trips over the year. For business trips each journey throughout the year cannot exceed a maximum number of days - usually 90 days is the longest duration. These limits apply to both leisure and business travel.
If you’ve got a group of employees to cover, instead of each person buying individual cover, simply buy one policy to cover all travellers. It very important to make sure you know everyone’s medical history as the group organiser is responsible for answering all the questions on behalf of the whole group. Before you buy, make sure you know everyone’s name, date of birth and all pre-existing medical conditions. If an employee does have a pre-existing medical condition they might be required to complete a medical questionnaire before the policy can be purchased, depending on what the condition is.
Domestic trips only
If business travel is just within New Zealand you might consider a basic policy or cancellation only policy to cover transport delays and cancellation.
What typically covered?
Medical and hospital expenses
Cover in case you are injured or sick while overseas. Includes hospital stays, surgery, dental and prescription drugs.
Luggage and personal effects
If your baggage and personal items are lost, stolen, or damaged you would be reimbursed or the items replaced.
Cover for prepaid travel & accommodation if you need to cancel because of illness, accident, natural disaster or unforeseen circumstance.
Provides protection for you being legally liable for injuring other people or causing damage to their property.
Travel delay expenses
In the event your transport is delayed due to an unforeseen reason, your accommodation, meals, and transport costs will be covered.
Rental vehicle excess
If you hire a car and have an accident, you won't have to pay the excess (this could be as much as $8k!)
If your transport is cancelled on your way to a pre-booked event alternative transportation will be provided.
And much more!
What's usually not?
Age restrictions may apply to business travel insurance policies.
If purchasing annual cover, just like standard frequent traveller insurance, each individual trip may have trip duration limits to pay attention to.
Business travel insurance typically does not cover cancellation or shortened trips due to any work-related issues, such as annual leave being cancelled. However, if you, or your travelling companion are made redundant and you were not aware before you purchased your policy you might be eligible for cancellation cover.
Read the small print
We can't stress enough how each insurer's terms and conditions vary dramatically. It's essential that you always read the PDS in full before you purchase your corporate cover to ensure that it is right for your trip.
Protect your biggest investment - you!