Jackson Lee Underwriting (JLU) has today launched a new Corporate Travel policy, including Covid-19 cover for cancellation, curtailment or medical expenses and repatriation.
Covid-19 has changed the face of business travel. The new policy allows brokers to build flexible, customized travel cover for clients with wordings that respond to new and emerging risks resulting from the pandemic. Annual multi-trip policies are available for brokers to bind or renew quickly and simply through JLU’s online portal; they only need to know the number of trips per annum – there is no requirement to produce a travel pattern.
The launch of JLU’s Corporate Travel Insurance follows news in June that Jackson Lee Underwriting had secured the British Insurance Brokers’ Association (BIBA) endorsed Holiday Travel Plus and Sports Travel scheme for three years, and the appointment of Travel specialist Dipesh Patel as Senior Travel Underwriter to the business.
Dipesh Patel, Senior Travel Underwriter at Jackson Lee Underwriting, explains: “Employers have a duty of care towards any employee travelling on behalf of the business, and as with many aspects of corporate life post Covid, that duty of care has changed or been extended. For example, if the insured, a close relative, a member of their household or a travelling companion or friend with whom they had arranged to stay has a diagnosis of Covid-19 within 14 days of a booked departure date, cancellation of the trip is covered under our policy. If a trip is cut short due to a family member dying from Covid-19 then the policy will cover the cost of returning home early. We also offer an additional daily benefit cash payment if the insured has to self-isolate in your holiday accommodation abroad. Our Business Travel policy offers such extensive and tailored Covid-19 related cover to give employers peace of mind that they are doing everything they can to support their employees whilst travelling on business.”
Key policy features include, subject to terms and conditions:
- Incidental holidays for all employees
- Family members of Directors/Owners covered whilst accompanying them on business trips, including incidental holidays.
- Cover for pre-existing medical conditions
- Golf cover as standard (meetings often take place on golf courses)
- Cost of hire of business equipment if delayed by a carrier
- Gadgets covered
- Travel disruption including cost of prescription medication if employee delayed abroad, additional accommodation and travel expenses
- On referral, JLU will look at extending cover for travel to destinations against Foreign, Commonwealth & Development Office (FCDO) advice as long as the advice is against all but essential travel solely as a result of COVID-19.
With travel abroad increasing now for both personal and business trips, brokers are once again seeing a rise in quotation requests for travel insurance and policies available differ widely on their coverage, including Covid related cover.
Policies are underwritten by Ergo Travel Insurance Services Limited on behalf of Great Lakes Insurance SE.
Dipesh Patel continues: “Clearly the pandemic has been a worrying and challenging time for many, and the rules on travel are ever changing. As we open our borders again for personal and business travel, we’re in an excellent position to make sure we equip brokers with first class coverage, to give their clients the added reassurance and protection they need to get moving again.”