We can provide a quote for Individual Travel Insurance as well as Corporate Travel Insurance for expats in Hong Kong.
Companies or organizations that send their employees overseas for business have two options when it comes to Travel Insurance.
First option is to have insurance as an add-on to their tickets. These come as individual cover for each person. The second option is to get Corporate Travel Insurance that protects your employees as a group.
Why is this insurance necessary?
The question should actually focus on WHEN you need this type of travel insurance. With the numerous claims we’have helped our clients with in recent years, Corporate Travel Insurance becomes crucial when employees are being sent to high-risk places. For instance, non-profit organizations that provide volunteer services to countries with epidemics or ongoing national conflict are considered high-risk.
This insurance is also a more cost-effective means of protecting your company from extra expenses incurred by your staff during the travel period. If it’s a big group, there are policies that offer protection based on headcount instead of specific names (usually for groups of 5 or more).
What does Corporate Travel Insurance Cover?
Providers offer a wide range of options for different needs. We help expat companies in Hong Kong make arrangements for their staff. Below is a list of common policy benefits for Corporate Travel Insurance:
- Cover for events resulting from any terrorist attack, including the use of biological, chemical and nuclear weapons
- Cover for all journeys of less than 120 days
- War Zone coverage (optional with added premium)
- Cover for a company’s regional or worldwide offices can be arranged, if permitted by local laws
- Personal deviation up to 31 days
- Medical expenses
- Legal expenses
- Travel or baggage delay
- Flight delay
- Emergency travel of family & friends
- Personal Liability
- Loss of personal money or documents
- Accidental Death
Leisure travel may also be covered if it coincides with your business travel dates.
For a quotation on insurance, you may Contact Us here.