Your Opinion

Will you be giving holiday gifts this year?
 
Will you be giving holiday gifts this year?
Yes
80%
No
20%
Maybe
0%
 
look_for_new_issue
Advertisement

Cover me!

Are you sure you’re insured for nasty travel surprises?

By Astrid Van Den Broek

You’re about to hop on a plane to meet with a client and everything’s booked… except for travel insurance? Wait, do you really need that on such a short trip?

With the amount of travelling corporate meeting and event planners do, surprisingly, travel insurance isn’t always top of mind. “Some travellers aren’t aware they need insurance because they sometimes think everything is covered under their employee group plan or their credit card,” says Alex Bittner, president of the Toronto-based Travel Health Insurance Association (THiA). Here are the answers to the most common questions about travel insurance.

Do I really need travel insurance?
“These days, business people are looking at getting good deals on airline tickets and deals come with cancellation penalties,” notes Bittner. And if you have minimal or even no such insurance under your credit card or employee plan (or have a plan that covers health costs only), that means no money back should the trip get cancelled. And bills for health emergencies may not be fully covered by credit cards or employee plans either. “If you’re travelling to the United States, it’s not uncommon for a heart attack to bring in claims in excess of $500,000 US,” says Bittner. He also notes interprovincial travel may also need travel insurance. “Air ambulance is covered if you’re out of province and have travel insurance. But if you haven’t, then you’re on the hook for that,” he adds.

What’s available?
There are a variety of insurance packages available online and in-store—you can visit a travel agent or buy from your insurance broker. “Single trip plans are an option to conventional plans that you tend to buy if you’re a frequent traveller,” Bittner says. Think: going to NYC for 10 days. A single-trip plan is good for those 10 days only. Coverage in all these plans can include medical costs, trip cancellation and baggage delay or damage.

How much?
Prices depend on who’s being covered—age and health factor into it. “But for a 28-year-old, for example, that could be $3/day,” says Bittner. “That’s nothing relative to the cost of US healthcare in an emergency.” Want to know more? thiaonline.com

other articles in this section

At Your Bleisure

Cover me!

Uber. Airbnb. Lyft…

Q&A with Anthony Pollard

Data Dilemma

Getting on track

So Long, Swipecards

Take your Best Shot

Benefits of Integrating Mobile Payment Platforms

Trend Setter, Dorothy Dowling

Newest Cloud Technology

Is it Time to Dust Off your Corporate Travel Policy?

The Future Travel Credit Management Solution

Planes, trains and data plans

When employees fall ill on the road

Burnout Busters

The Rules of Compliance

Communal Spaces Boost Hotels' Comfort Factor

Making the most of travel and expense management systems

May the Best Vendor Win

Evaluating disaster recovery plans

On the Road Again

Hotels Taking Wellness to a Whole New Level

Corporate Travel Tracker

Controlling Corporate Travel Costs

The Anti-stress List

The Blurred Line Between Corporate Travel Manager and Planner

Big Flight Discounts for Small Businesses

Are Business Travellers Putting Corporate Data at Risk?

Timesaving Mobile App for Superior Car Service

Company Car or Driver-owned?

10 Healthy Travel Tips

Navigating Emerging Markets

Business Travel Etiquette

Rogue Travellers on Spending Sprees!

Business Travel and Health

Social Media and Travel Programs

Baggage Handler Confidential

Travel Expense Reporting

Buses Mean Business

Travel Budgets Analyzed

Q+A with Ron DiLeo

Progressive Extended-Stay Programs

Dynamic Hotel Pricing

The Perfect Travel Management Company

The Kindest Cuts

Green Businesses

Travel Policy Compliance

Car Sharing: The leaner, greener choice!

Expense Accountability

Hotel Program Success

Costly Corporate Credit Card Programs

Travel Less, Save More?

Dynamic Pricing

Travel Program Success

Meetings Abroad: Are you Prepared?

Maneuvering Through the RFP Process

Cross-Border Air Travel

Time for a Travel Policy

10 Ways to Avoid Business Travel Pitfalls

Bargaining Table Car Rental Tips for Corporate Planners

Creating Travel Policy Compliance

Sustainable Travel Tips

Crucial Travel Policy Changes to Save Time and Money

Tipping Guide for Business Travellers

Corporate Travel Policy

Passport Essentials and Other Requirements

Managing your Company's Travel Risks

Duty of care to travellers goes beyond borders

order Valtrex