Kids will be out of school soon; the sun is shining, and travel is on most people’s mind. The adventure, the fun, and exotic places are in demand as many have postponed vacations long enough.
When preparing for a trip, your checklist of things to do should contain a confirmation of travel insurance. The type of coverage most people will need when vacationing falls into 3 categories:
If you are travelling for business, the nature of work and where you are travelling may require additional insurance protections not available in your regular group benefits plan. Additional business travel coverage may be required by the country in which work will take place or may be desired to help with various crises such as wrongful detention, natural disaster, violent crime and more.
For most employees, the out-of-country coverage available through their organization’s extended health plan should be sufficient to meet their needs while travelling. However, as an HR professional it is important to communicate the limitations on such coverage to your team and to understand when your company may need specialized coverage for business travellers, ex-pats, and in-pats. Knowing what your current travel insurance policies include and exclude will help save you and your people from frustration and financial loss.
If you would like to learn more, please sign up for our Travel Insurance webinar at CPHR on August 4th.