Business Travel Accident Insurance
In today’s global business landscape, frequent travel helps build and solidify relationships with clients and business partners. Arch Insurance understands the complexities and inherent risks that come with both international and domestic business travel. With nearly decades of specialized insurance expertise, we are uniquely prepared to offer our Business Travel Accident Insurance—with a full range of insurance benefits and assistance services to help your employees while travelling on business.
What is Business Travel?
Business travel occurs any time an employee is on assignment by or at the direction of the company for the purpose of furthering the business of the company. This can be anything from a quick trip across town to hand deliver an important document to an extensive tour of company properties abroad.
Additionally, more employees are adding extra personal days before or after traditional business trips. This may also be referred to as “bleisure travel”, as a leisure component is added onto a business trip. These personal deviations are not related to company business, but coincide with business travel. For example, an employee attending a conference in Florida may spend an extra day or two at the beach. Coverage may be added to address this kind of travel to your current business travel accident coverage.
Why is Business Travel Accident Insurance Needed?
As businesses grow and employees begin to travel further away from home – especially across country borders, there are more inherent risks that these employees face. Employers have a responsibility to help keep their employees safe and be mindful of their health and wellbeing.
Here are some questions you may want to consider to determine if a Business Travel Policy is right for you:
- What happens if your employees become ill or are injured while traveling on company business?
- Will employees know who to call or where to go to find appropriate care for treatment?
- Do you have a 24/7 emergency plan in place?
Business Travel Accident (BTA) Insurance, a subset of Employee Accident insurance, may help protect employees in a time of need. This coverage can also extend over personal deviations to business travel and some policies may include coverage for board members, guests and even family members.
BTA Plan Features and Benefits
As businesses grow and employees begin to travel further away from home – especially across country borders, there are more inherent risks that these employees face. Employers have a responsibility to help keep their employees safe and be mindful of their health and wellbeing.
Arch’s BTA plan includes these key benefits, including coverage for:
- Accidental Death & Dismemberment – Should a tragedy occur, having the right protection can make a different for employees and their families.
- Medical Evacuation – If the local area cannot provide sufficient medical treatment, a traveler can be transported to a hospital with suitable care, and even home if medically necessary.
- Repatriation of Remains – If the unthinkable happens, this benefit will pay for a traveler’s remains to be brought home.
- Out of Country Medical – Pays for emergency medical care received while travelling outside of the traveler’s home country.
- Security Evacuation – If the traveler is caught in an unexpected political situation or natural disaster, this benefit will transport them to safety.
- Travel Inconveniences – Several other benefits provide coverage for mishaps, such as delays or cancellations, and lost, stolen or damaged luggage.
Additional benefits may include coverage for the following:
- Rehabilitation
- Bereavement and Trauma Counseling
- Education and Retraining
- Home Alteration/Vehicle Modification
- Coma
- Paralysis
- War Risk
- Childcare
Travel Assistance
Arch’s business travel insurance plans include 24/7 emergency travel assistance services, supported by a designated travel assistance provider. Employees are just a phone call or email away from being immediately connected to doctors, hospitals, pharmacies and other services when they are traveling.
With an Arch Insurance BTA plan, you’ll receive a corporate ID card, which can be shared with any traveling employees. They can call the number on the card from anywhere in the world to access emergency travel assistance services, which may include coordinating services and facilitating payments on behalf of Arch Insurance. This alleviates many of the obstacles and potential expenses that can be caused by emergencies when away from home.
Travel Assistance
- Replacement of Lost or Stolen Travel Documents
- Transfer of Funds
- Language Services
Medical Assistance
- Worldwide Medical and Dental Referrals
- Monitoring of Treatment
- Medication and Vaccine Transfers
- Replacement of Corrective Lenses & Medical Devices
Emergency Transportation Arrangements
- Emergency Medical Evacuation
- Medically Necessary Repatriation
- Repatriation of Deceased Remains
- Return of Dependent Children
- Emergency Medical Reunion
- Emergency Political or Security Evacuation
Complimenting Other Insurance
A Business Travel Accident insurance plan compliments other employee accident programs, including workers compensation and foreign casualty insurance. If you rely solely on workers compensation and foreign casualty plans for coverage, you may experience gaps that a business travel accident plan may help fill.
A Business Travel Accident insurance plan compliments other employee accident programs, including workers compensation and foreign casualty insurance. If you rely solely on workers compensation and foreign casualty plans for coverage, you may experience gaps that a business travel accident plan may help fill.
| Workers Comp | Foreign Casualty | Employee Accident | |
|---|---|---|---|
| Coverage within regular job duties | √ | √ | √ |
| Accidental Death and Dismemberment | √ | √ | √ |
| Domestic Coverage | √ | √ | |
| International Coverage | √ | √ | |
| Business Trip Deviation/ Sojourn | √ | √ | |
| Commutation | √ | ||
| Emergency Medical Evacuation Coverage | √ | √ | |
| Security Evacuation | √ | √ | |
| Natural Disaster Evacuation | √ | √ | |
| Out of Country Medical with Hospital Admission Guarantee | √ | ||
| Foreign Travel Immunization | √ | ||
| Quarantine | √ | ||
| Emergency Medical Repatriation | √ | ||
| Emergency Family Reunion | √ |
Benefits listed by category are representative of what are included with current Arch employee accident plans.
Who Can Benefit from an Arch BTA plan?
Arch’s BTA plan was designed specifically for employers who have two or more workers who traveler for work, or employees who face occupational risks due to their job, such as healthcare workers, teachers, delivery workers, etc.)
The following types of organizations can also benefit from this type of coverage:
- Corporations: Help provide protection for your employees as they travel for client meetings, tradeshows, or other business-related activities.
- Non-Profits: Helps to facilitate the safety of your staff during international development projects or disaster relief efforts.
- Educational Institutions: Provides coverage for faculty and students involved in international research or study-abroad programs.
Why Choose Arch for Business Travel Accident Insurance?
- Solid Financial Backing: Arch boasts impressive financial strength, verified by top-notch ratings from credit rating agencies like AM Best, Fitch, and Moody’s.
- Innovative Underwriting: Our underwriting and product development teams employ creativity and analytical rigor to develop solutions that meet unique travel-related needs.
- End-to-End Solutions: From underwriting to claims and customer service, Arch offers a seamless insurance experience.
- Tech-Driven Transparency: Our investment in technology ensures an accessible and transparent process for clients.
- Award-Winning Customer Service: Our well-tenured, continuously trained customer service team is dedicated to providing exceptional support.
Frequently Asked Questions
Can the Accidental Death Benefit be payable in addition to other policies (such as life, or workers comp)?
Yes, the accidental death benefit may pay out in addition to other policies.
Can a Business travel policy cover commutation to/from the office or provide coverage while working remotely?
Yes. Many employers had workforces that include virtual or hybrid employees who may have some days working from home and others on premises. A business travel policy from Arch Insurance can include coverage for these employees as they commute or travel to and from their company’s location.
How does a business travel policy address work from home employment arrangements?
For work from home employees, a business travel policy can provide coverage any time they leave the house for company business, even if it is an arbitrary day where they need to commute into an office location of their employer.
Can a business travel policy provide medical coverage while traveling outside of an employee’s home country?
Yes. A business travel policy can provide primary medical coverage while traveling outside of an employee’s home country. This can help fill in gaps from a typical domestic health insurance plan, and may help pay for deductibles, co-payments, or even treatment not covered by their primary medical insurance.
Efficiently Manage Your BTA Program with Arch APEX℠
Arch believes that you should not have to waste your valuable time to follow multiple steps of quoting, binding and issuing an accident policy. That’s why we launched Arch APEX, which allows you to quickly and easily generate insurance quotes in minutes.
Contact Us
Contact us to offer this policy to your clients. Complete our contact form or contact one of our team members below.
