1300 605 101

Corporate Travel Insurance Brokers Australia

Corporate travel insurance safeguards Australian businesses and their staff against incidents that occur while travelling for work, including medical emergencies, disruptions, and lost baggage. It allows you to protect your people and the assets at the heart of your business, regardless of where they are in the world. 

At Barrack Broking, our team of experts help you identify your risks when your company is conducting their work overseas or out of state, so you can build an effective insurance strategy that allows your organisation to function with confidence and protection while on the move.
Contact Us

What is Corporate Travel Insurance?

In simple terms, corporate travel insurance is a yearly, multi-trip policy that protects authorised personnel, from your directors to your contractors, who are undertaking domestic or international travel on company business.

Unlike standard leisure policies, corporate travel insurance is designed for business-specific risks and can offer ongoing protection across an entire company.

How Business Travel Differs from Leisure Policies

  • Automatic Cover: Rather than taking out a new policy for each individual trip and staff member, corporate travel insurance is streamlined under one policy.
  • Higher Benefit Limits: Caters to the practical realities of corporate travel, such as higher luggage limits, specialist equipment, and cancellation payments.
  • Broader Scope: Reflects the needs of a commercial enterprise, such as a substitute passenger if an employee falls ill and someone goes in their place.

What Does Corporate Travel Insurance Cover?

Corporate travel can bring financial volatility – that’s why commercial businesses who depend on it need a robust insurance strategy.

To understand the limitations of your protection when it comes to corporate travel insurance, it's critical to know what's typically included (and excluded): 

  • Overseas Medical and Emergency Evacuation: In the case of medical incidents that result in hospital stays, expenses, and even evacuation back to Australia. 
  • Travel Disruption and Cancellations: Preparation for unforeseen circumstances that can often occur when travelling, such as reimbursement for flights (even when non-refundable), as well as accommodation or conference fees. 
  • Baggage and Business Equipment: We all know the pain of lost luggage. Coverage includes protection for high-value company assets if stolen, lost or damaged.
  • Personal Liability: Protection if one of your employees causes accidental injury or property damage to a third party while representing your company abroad.
  • Kidnap, Ransom, and Political Evacuation: Specialist cover in rare and extreme circumstances. 
  • 24/7 Emergency Assistance: Includes assistance from dedicated global medical and security experts, whatever the hour. 
  • Rental Vehicle Excess: Coverage for significant insurance excesses from rental car companies if an accident occurs. 

Common Policy Exclusions

It’s important to note that not every event is included in a standard corporate travel insurance policy. For example, any pre-existing medical conditions that were not disclosed to the insurer upfront, as well as unapproved extensions, or travel to regions considered high-risk by the Australian government, are not typically included.

How Barrack Broking Arranges Your Corporate Insurance

At Barrack Broking, we’re your dedicated partner when it comes to corporate travel insurance and will support you throughout the entire process. 

So, what does our process entail?

01

Profile Risk

Using your historical data and future travel plans, we look to understand your travel patterns in order to build a risk profile unique to your business. 

Map Exposures

We’ll design an insurance structure and approach that is layered to provide you with robust coverage, including any specific liabilities eg.,high-value specialist equipment.

Market & Compare

With our knowledge and relationship with a range of insurers, we’ll negotiate the best terms, conditions and pricing.

Place & Support

We’ll place your policy and ensure you understand the emergency assistance process, while managing your claims end-to-end if something does go wrong during corporate travel.

Frequently Asked 
Questions

01How much does corporate travel insurance cost in Australia?

Your premium will depend on how much travel takes place within your business and the scope of the travel. With Barrack Broking, you get an independent insurance broker who can provide you with a tailored insurance solution to give you peace of mind when your employees engage in corporate travel.

02Does corporate travel insurance cover leisure days added to a business trip?

Yes. It’s always important to check any exclusions within your specific policy; however many policies can include incidental private travel added onto a company trip.

03Are contractors and non-employees covered under a corporate travel policy?

Anyone who has been approved to represent your company while travelling, from contractors, to consultants, to even prospective employees, can be added to your corporate travel cover. This inclusion must be confirmed against your policy, which we can help you confirm.

Testimonials
Contact Us

We Are Here To Help, Start A Conversation Today

As all businesses operate in an uncertain world, Barrack Broking is dedicated to delivering strategy, ideas and certainty to protect your business.

Contact Us

Get In Touch

Please select a Gravity Form
Please select a Gravity Form

"*" indicates required fields

Subscribe To Our Newest Insights

This field is for validation purposes and should be left unchanged.

Start a Quote

This field is for validation purposes and should be left unchanged.
DD slash MM slash YYYY