Without doubt business travel can become fairly expensive for a company, especially if some (or most?) of your sales people need to be on the road for a substantial portion of their time.
Additionally, business insurance premiums can be a large ticket item as well.
Yet, it is possible to reduce your insurance premiums while maintaining the necessary coverage to protect your assets.
Business travel insurance coverage
You already know that you need business travel insurance in order to protect the company from any costs that may arise from illness or injury when people are traveling while on company payroll.
Not to mention any possible financial hardship required to cover the cost of medical or hospital bills as well.
But did you know that some business travel insurance plans can be purchased annually, rather than on a trip-by-trip basis?
What’s more, with an annual policy (including multi-trip coverage) you can cover all your employees traveling throughout the year, rather than having to purchase a policy to cover one trip at a time for a set number of people who will be making the business trip.
Multi-trip policies are typically more cost effective, reducing your overall “per trip” premiums… and saving you time since the plan can be set up once per year, rather than having to go through the steps setting up individual policies for each specific trip.
Makes sense, right?
Typically an annual policy with a multi-trip provision will cover unlimited travel for trips that do not exceed a set number of days. Be sure to ask regarding the provisions of your policy so that you can plan accordingly.
Finally, you may be able to save money by outlining the specific areas where you normally travel with the insurance company.
Like any policy, the overall cost is based on real (and perceived) risk factors. And it goes without saying that certain parts of the country are less or more risky to travel to than others.
So what’s the bottom line?
The type of business travel insurance you purchase depends on the expected amount of travel you anticipate for the coming year.
- single trip
- annual trip
policies available, selecting the right policy along with any possible costs savings all depends on proper planning.
And by working with an insurance professional you can get the right policy for your business travel needs, all while staying within a set budget. This way your company gets the liability protection it needs without breaking the bank.
As the saying goes… an ounce of prevention is worth a pound of cure.
Are You Traveling to the Greater NY Area?
When you call Teddy’s Transportation System for car service from CT to JFK you know you can look forward to a professionally managed, dependable ride offering you the quickest, most productive way to travel between Coastal Fairfield and Westchester Counties and the New York Metro area airports.
Enjoy 24-hour car services and support.
Teddy’s provides you with 24/7/365 solutions and can quickly access your itineraries and process new reservations or en-route changes, assist in solving problems with canceled flights, delayed planes, etc. and otherwise manage any changes with your travel plans.
When it comes to corporate car service Teddy’s Limo provides seamless connectivity, maximum convenience, exceptional quality and huge savings for their customers.
You can make a reservation online, or give them a call at 800-888-3339.