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Article

7 min read

Get Peace of Mind With Deel Business Travel Insurance

Global mobility

Author

Jemima Owen-Jones

Published

November 28, 2023

Last Update

July 03, 2024

Table of Contents

Why must organizations provide their mobile workers with business travel insurance?

What should you look out for when choosing a travel insurance provider?

Protect your mobile workers with Deel

Key takeaways
  1. Business travel insurance protects mobile workers from accidents, illnesses, and unforeseen events. It also reduces your business’s risk exposure and helps you attract top talent.
  2. Look for a business travel insurance policy that offers all-in-one, global coverage, easy enrollment, flexible pricing, and a simple claims process.
  3. Deel Business Travel Insurance checks all these boxes and provides you and your employees with peace of mind as they travel abroad.

By 2024, the number of mobile workers in the United States alone is expected to reach 93.5 million people.

If you manage a team of mobile workers or if you plan to employ mobile workers in the future, you need to know about the benefits of international business travel insurance, whether your employees are flying to Europe, New York, or anywhere in between.

Deel travel insurance is the ultimate solution designed to protect your company’s mobile workers, no matter where they travel in the world. Learn more about how you can safeguard your mobile staff during every business trip with Deel business travel insurance below.

Why must organizations provide their mobile workers with business travel insurance?

Investing in business travel insurance offers numerous benefits to your mobile workers and your company as a whole. The following are some of the most significant advantages this insurance can provide:

Protection for employees and contractors

Business travel insurance can provide significant financial protection for mobile workers, including those who request to work abroad, should they be affected by an accident or illness, as well as any other unforeseen event that could interfere with their trip. For example, insurance can cover potential medical expenses, lost luggage, or sudden trip cancellation.

Reduced risk exposure

When you provide your mobile workers with business travel insurance and sufficient medical coverage, you can significantly reduce the company’s risk exposure and protect it from financial losses. The insurance company will be responsible for covering any costs related to covered events (such as medical care for illnesses, accidents, etc.), and the company itself won’t have to foot the bill for a surprise trip to a medical facility.

Compliance with the latest regulations

In some cases, businesses are required by law or by a client’s contract to provide mobile workers with business travel health insurance. Failure to deliver on this requirement and specific trip policies could result in additional penalties and lost clients.

For example, in Germany, according to Section 17 of the German Social Security Code V (Benefits in the event of employment abroad), employers are obligated to cover the costs of treatment for illnesses and accidents abroad for employees with statutory health insurance. This means that employers are legally responsible for providing employees with medical coverage when they travel for work.

Talent attraction and retention 

Put simply, people want to work for companies that take care of their employees—that includes taking care of them when their job includes international travel.

Suppose your company is known for offering business travel insurance when employees go on a work trip. In that case, you’ll likely have an easier time attracting and retaining top talent from across the globe. By providing this insurance, you’re showing people that you care about your employees and want them to be safe and healthy while traveling.

What should you look out for when choosing a travel insurance provider?

Now that you understand the benefits of providing business travel insurance, do you know what to look for when comparing insurance providers? The following are some of the most relevant factors to consider when shopping around and comparing travel insurance companies.

All-in-one global coverage 

You have several business travel insurance providers to choose from, but they’re not all created equal. For example, many travel insurance providers only offer limited coverage.

Limited coverage is, well, limited. It helps in some situations, but its exclusions also leave out coverage in a lot of situations in which financial assistance would be deeply appreciated.

Some insurance providers leave out certain situations, such as kidnap/ransom and extortion insurance, because the chances of those things happening are slim. They might be slim, but they’re not impossible. You hope you never need that kind of insurance, but it would be nice (to say the least) to have it if the worst thing imaginable happened, right?

With over 60 entities worldwide, Deel is in the business of making life easier for customers in all areas, including their travel insurance. That’s why Deel travel insurance provides all-in-one international coverage.

💡 With over 60 entities worldwide, Deel is in the business of making life easier for customers in all areas, including their travel insurance. That’s why Deel travel insurance provides all-in-one international coverage.

Deel trip insurance includes kidnap/ransom and extortion insurance, along with repatriation, medical expenses, emergency medical evacuation, dismemberment, trip interruptions, trip delay, baggage delay, baggage loss, natural disaster, cancellations, damaged business equipment, rental car damage, and even accidental death.

This coverage is especially helpful (and offers great peace of mind) when your mobile workers are traveling to high-risk countries like Egypt, Venezuela, or Pakistan.

Easy enrolment

Many business travel insurance plans are difficult to understand and manage, especially as your company grows and your insurance coverage needs expand. That’s why you should look for a business travel insurance provider that offers a simple and easy-to-manage policy.

A streamlined, easily readable policy helps to minimize your company’s administrative burden and leaves more time to focus on other essential tasks, like mergers and acquisitions. It also leads to improved compliance (since you actually know what you’re agreeing to) and increased worker satisfaction (because they’ll know exactly what kind of travel and medical coverage they have).

💡 You can easily enroll workers in business travel accident insurance via Deel’s global HR platform. 

For no extra charge, you can add business travel medical insurance during contract creation for an employer of record employee, Deel Shield contractor, or to an existing contract. To add insurance to a current contract, just reach out via the platform.

Corporate travel insurance contracts last a minimum of 6 months or one year, depending on your selected plan. You cannot cancel contracts mid-term.

Simple and flexible pricing

For many companies, especially those with large workforces or employees who travel frequently, the expenses associated with business travel insurance can be quite prohibitive.

Affordable business travel insurance, naturally, results in reduced trip costs for your company, but it also provides a better return on your investment (especially if you invest in an all-in-one plan with international coverage) and ensures your employees are happy and adequately protected.

Deel travel insurance offers competitive rates and flexible pricing, including monthly subscriptions. As a bonus, there is no additional charge for employer of record employees with visas sponsored through Deel.

A one-year policy, which includes kidnap, ransom, and extortion insurance, as well as coverage for more minor situations like a travel delay, costs $290 USD. You can also choose our monthly subscription (six-month minimum), which costs $39 USD per month. 

Payment can be made with a credit card and is collected upfront and in full. Invoicing takes place immediately for existing workers or on a new worker’s first day.

Straightforward claims process

The claims process for business travel insurance can be complicated and time-consuming (and those are the last things you need when you’re trying to help out a global employee who is sick, injured, stranded, etc.). A simple and streamlined claims process results in less stress for employers and employees, as well as faster reimbursement and increased employee satisfaction.

💡 Deel travel insurance offers a straightforward claims process that helps you take advantage of the coverage you’ve paid for as quickly and easily as possible.

After enrollment, workers will receive an insurance starter kit, which contains detailed instructions on submitting a claim and accessing care while traveling (along with answers to FAQs and information on coverage limits).

Deel’s Crisis Management group collaborates with the insurance broker to handle claims, crises, and disruptions and provide additional travel assistance services.

Protect your mobile workers with Deel

Deel business travel insurance is an all-in-one global coverage option that offers numerous benefits for your company’s mobile employees. It keeps them safe, provides them (and you) peace of mind, and helps to minimize your risk exposure.

On top of that, Deel’s global HR platform has a built-in visa and immigration solution that helps businesses navigate complex immigration processes, accelerate visa applications, and provide transparency. Under our EOR model, we sponsor employee visas, take on the risk, compliance, and maintenance of the worker’s visa, provide corporate backing, and complete audits required by governing bodies.

Sound like the ideal solution? Book 30 minutes with a product expert to get your questions answered.

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