What is Corporate Travel Insurance
Corporate Travel Insurance is a specialized insurance policy designed for businesses and their employees who travel domestically or internationally for work purposes. This policy covers unexpected events that may occur while traveling, such as medical emergencies, trip cancellations, missing flight, or loss of business equipment/documents.
Why do I need Corporate Travel Insurance
For Frequent Fliers
It provides coverage for employees who frequently travel for business purposes
Medical Coverage
It covers medical expenses, including emergency medical evacuation and repatriation of remains
Trip Protection & Delay
It offers protection against trip cancellations or interruptions, such as cancelled flights or natural disasters
Corporate Asset Protection
It provides coverage for lost or stolen business equipment, such as laptops or other company-owned devices
Emergency Coverage
It offers 24/7 emergency assistance services for employees who require immediate help or advice while abroad
Cost-Benefit
It is a cost-effective way to ensure that employees are covered under one policy and can travel with peace of mind
Mandatory Visa Requirement
It may be required by certain countries or visa applications
Loss of document
Passport, ID proof and other such important documents required when travelling can be easily lost
Loss of baggage
Loss of important documents and baggage, including a laptop etc., is covered
Dental Treatment
Dental health is an increasing concern and the treatment abroad, is an expensive affair. This emergency is covered
Legal Liability
While traveling abroad, an employee may find herself/himself in a position where a legal liability is created, i.e., a third-party injury or damage while driving, this is addressed under this cover
Emergency Evacuation
An unforeseen calamity can occur anytime while travelling abroad. Emergencies such as a rapid spread of an endemic or political unrest/war like situation is covered under this policy
Body repatriation
In the unfortunate event of the death of the employee travelling abroad, the repatriation of the dead body is provided for under this insurance cover
Key Features/Benefits of Corporate Travel Insurance Policy
Medical coverage, including emergency medical evacuation and repatriation of remains
Trip cancellation or interruption coverage
Lost or stolen business equipment coverage
Accidental death and dismemberment coverage
Personal liability coverage
Emergency medical and travel assistance services
Coverage for pre-existing medical conditions (if applicable)
24/7 customer support and assistance
Customizable coverage options based on business travel needs
Inclusions in Corporate Travel Insurance
Here is a list of a few general inclusions
Medical expenses, including emergency medical treatment, hospitalization, and prescription medication
Emergency medical evacuation and repatriation of remains
Trip cancellation or interruption coverage
Lost or stolen business equipment coverage
Personal liability coverage
Accidental death and dismemberment coverage
Exclusions in Corporate Travel Insurance
Here are a few factors NOT covered in corporate travel insurance
Pre-existing medical conditions that are not declared or covered by the policy
High-risk activities, such as extreme sports or adventure activities
Illegal or reckless behaviour
Non-compliance with policy terms and conditions
Mental health issues that are not covered by the policy
Travel to high-risk destinations that are excluded by the policy
Popular Add-on Covers in Corporate Travel Insurance
Medical Cover
Covers medical expenses for illness or injury during travel.
Personal Accident Cover
Provides financial assistance in case of accidental death or disability during travel.
Baggage Loss or Delay Cover
Covers the cost of lost or delayed baggage during travel.
Emergency Evacuation Cover
Covers the cost of emergency medical evacuation during travel.
Rental Car Damage Cover
Covers damage to rental cars during travel.
Flight Delay Cover
Covers the cost of accommodation and meals due to flight delays during travel.
How To Buy Online Policy from PolicyLeader
1. Visit Policyleader.com
Visit the official website of Policyleader.com to purchase corporate travel insurance.
2. Select Corporate Travel Insurance
Choose the type of corporate travel insurance that meets your requirements from the available options.
3. Enter Travel Details
Enter the travel details, including travel dates, destination, and number of travelers, to get a customized quote.
4. Choose Add-On Covers
Select any additional covers that you may require, such as trip cancellation, medical cover, or baggage loss cover.
5. Check Premium and Coverage
Check the premium and coverage details for the selected policy and add-ons.
6. Make Payment
Make payment through the available payment options on the website.
7. Receive Policy Documents
After successful payment, you will receive the policy documents through email, which can be downloaded and printed for future reference.
8. Customer Support and Agent Visit
Policyleader.com offers customer support for any queries or assistance required during the purchase process or during the policy period.
How to file a Corporate Travel Insurance Claim
1. Inform the Insurer
Inform the insurance company as soon as possible after the occurrence of an event that may lead to a claim, either by calling their customer service helpline or sending an email.
2. Submit Required Documents
Collect and submit all required documents, such as original bills, receipts, medical reports, and police reports, as per the claim form's guidelines.
3. Fill and Submit the Claim Form
Fill out the claim form with accurate details and submit it along with the required documents to the insurance company.
4.Claim Settlement
Once the claim is processed, the insurance company will inform you of the claim settlement amount and mode of payment.
5. Dispute Resolution
In case of any disputes or disagreements with the claim settlement, reach out to the insurer's customer service department or the ombudsman for dispute resolution.
Documents Required for Corporate Travel Insurance
- Passport - A copy of the passport of the insured person is required for the insurance application.
- Visa - A copy of the visa of the insured person is required for the insurance application.
- Airline Tickets - A copy of the airline tickets is required for the insurance application.
- Invoice - A copy of the invoice for travel-related expenses, such as flight bookings, hotel reservations, and transportation, is required.
- Medical Reports - Medical reports may be required for claims related to medical emergencies or accidents during the travel.
- Police Reports - Police reports may be required for claims related to theft, loss of belongings, or accidents.
- Other Documents -Any other documents related to the travel, such as travel itinerary, boarding passes, or proof of ownership for expensive belongings, may also be required depending on the insurer's guidelines.
Why should you choose PolicyLeader for Corporate Travel Insurance
24/7 claim support
Policyleader offers 24/7 claim support to ensure that the policyholders can receive timely assistance in case of any travel-related emergencies. They have a dedicated customer support team that is available round-the-clock to assist with claim-related queries and guide the policyholders through the claim settlement process.
Read More...Customized policy options
Policyleader provides customized policy options to ensure that the policyholders get the best possible coverage as per their specific requirements. Their experienced advisors analyze the policyholder's needs, assess their risk profile, and suggest the most appropriate policy options that offer comprehensive coverage at affordable premiums.
Read More...Expert advice from experienced advisors
Policyleader's experienced advisors are available to provide expert advice to the policyholders, helping them choose the best policy that suits their travel requirements. They can assist with selecting the most appropriate policy options, understanding the policy features and benefits, and answering any queries related to the policy.
Read More...Multiple insurers under one roof
Policyleader has tied up with multiple insurers and offers a wide range of policy options under one roof. This ensures that the policyholders can compare and choose from the best policies from leading insurers. Additionally, they have a strong presence and experienced insurance brokers in Gujarat and around the country, providing personalized and professional service to the policyholders.
Read More...Simple and hassle-free process
Policyleader provides a simple and hassle-free process for buying corporate travel insurance. The policyholders can complete the entire process online, including comparing policy options, selecting a policy, and making the payment. Policyleader also provides guidance and support throughout the process to ensure that the policyholders can make an informed decision and purchase the policy that best suits their needs.
Read More...