What is Travel Insurance?
Including leisure travel insurance within your company's benefits offering allows your employees the opportunity to purchase comprehensive travel insurance at a reduced cost covering both their international or domestic recreational (non-business related) travel. This covers them in a range of events including accidental injury, loss of equipment, ill health, and cancellation of travel arrangements.
Why is Travel Insurance so Important?
Designed specifically with frequent travellers in mind, annual multi-trip insurance provides cost-effective cover for people who travel multiple times per year.
Advantage Traveller can be administered through the Advantage Vault portal, allowing for significant savings in both cost and administration when compared to running the sign-up process by way of flex platform or via internal administration, and qualify for a multi-product discount when offered alongside additional Advantage benefit products and services.
Instead of buying separate insurance each time they set off, your employees have access to this multi-trip insurance to cover every trip they make during a 12-month period. Winter sports cover is included as standard.
Offering a saving of up to 50% on the cost of purchasing a comparable multi-trip travel insurance policy as an individual without the premium reductions offered by a group-purchase arrangement, Advantage Traveller can be provided on either a company funded basis, employee funded basis, or a combination of the two with both both the employee and the employer funding a proportion of the cost. Where the employee funds the whole, or an element of the premium, the employer would usually collect this by way of deduction from salary.