Highly Customized group accident plans that cover employees and group members whenever and wherever they travel. Employers trust Global Underwriters to provide comprehensive travel accident insurance solutions to protect the well-being and productivity of their employees or group members that travel occasionally or on a regular basis.
Global Underwriters’ Business Travel Accident (BTA) insurance was developed to help protect your business or organizations most valuable assets, which are your employees or group members. BTA coverage is designed to mitigate certain financial, travel and security risks by meeting current “duty of care obligations” and implementing “best practice” procedures for both domestic and international business travel.
These plans will cover both U.S. and foreign employees (group members) of U.S. based businesses and organizations. Additionally, coverage can be tailored to match the corporate risk profile of any organization, which means the plan is carefully designed, underwritten and implemented with proven Travel Risk Management (TRM) strategies which help to ensure the safety and security of your business travelers.
Global Underwriters’ Business Travel Accident coverage is ideal for any business or organization that has domestic or international travel. Business travel is never routine and may present organizations with unique challenges when things don’t go as planned or a crisis develops because of an accident or an unexpected emergency. Employers have an obligation to provide a safe and secure working environment for their employees even when they are traveling. Accidental Death & Dismemberment benefits are payable above and beyond any other form of life insurance or workers compensation scheme. Additionally, these benefits can help mitigate certain general liability exposures for the business or organization
Emergency Medical Air Evacuation is one of the most important benefits included as part of a Business Travel Accident policy. Many group health plans do not adequately pay for Medical Evacuations if you are out of network or traveling abroad, and virtually none of them will make the necessary arrangements to coordinate and pay for the actual evacuation.
Emergency Medical Air Evacuation is necessary for critical medical conditions that need immediate attention or transportation from the point of injury (whether it’s a remote location or away from a densely populated area) to an adequate medical facility. That’s why it’s so important to have a policy that responds immediately to these types of emergency situations. Communication and coordination between the insured, medical team, medical facility and the assistance company are critical to the success of any Emergency Medical Evacuation or Repatriation back to your home country.
Language barriers, unfamiliar cultures and scarcity of quality healthcare facilities and providers can cause anxiety to anyone residing or traveling overseas. When a crisis or emergency situation presents itself, it’s nice to know that one call does it all as far as getting you immediate assistance anywhere in the world. Highly experienced U.S. certified medical staff and doctors are always prepared to provide prompt, efficient and seamless professional service.
The current geopolitical climate can be hostile at times and you never know when the next political tussle will erupt in violence or civil unrest. The same unpredictability can be said about Natural Disasters which are inevitable but seem to be occurring more frequently. The only way to combat unpredictable events is to reduce the risk or not engage in the risk to begin with.
Unfortunately, international travel is essential to most businesses and a necessary risk that they must take to continue to compete in the global marketplace. Political & Natural Disaster Evacuation coverage is designed to respond if one of your employees or group members is in danger of imminent bodily harm because of a deteriorating political or military event(s), or the location that your employees or group members are working in becomes uninhabitable because of a Natural Disaster.
Employers and group organizations are faced with unique challenges and unforeseeable risks when employees travel internationally. Global Underwriters’ Business Travel Accident policy also provides optional coverage for Out of Country Medical coverage for those companies or organization that have employees or group members that travel internationally or may be on assignment abroad. Our tailored Out of Country Medical benefit offers multiple medical benefit limits, deductible and co-insurance options to meet the immediate insurance needs of your business.
Other products that should be considered include but are not limited to Political & Security Evacuation, High Limits of AD&D, Foreign General Liability, Foreign Workers Comp, Kidnap & Ransom, War Risk coverage, and Crisis Management strategies. All of which, can easily be augmented to comply with certain “duty of care obligations” and “best practice” procedures.
Direct spending on business travel by domestic and international travelers, including expenditures on meetings, events and incentive programs (ME&I), totaled $334.2 billion in 2019.
- According to a UStia study, 2020