Generali UK has announced the launch of a set of new personal accident and multinational solutions, to augment the Business Travel Plan that it introduced last year.
The business travel range was developed in order to provide a comprehensive suite of tailor-made products that can help UK-based and multinational companies meet their duty of care obligations, ensuring that they can provide compliant, cost-efficient cover for all employees, whether based in their home country or assigned overseas. The solutions, which can be purchased in either standalone or integrated forms, are designed for companies with at least 250 employees.
The new solutions provide various benefits, including: integrated insurance, accident and assistance networks; a high degree of flexibility; one flat annual premium, to minimise administration and accounting; a simple online tool to facilitate faster and more efficient claims submission; and access to a global multinational network, so that all plans can be compliant but controlled efficiently from one centralised location.
“Too many employers risk leaving employee duty of care to chance where DIY travel and lack of personal injury and accident cover is concerned,” commented Karoliina Gutaj, Generali Employee Benefits Network’s Head of Strategy and Marketing. “While profits and losses are closely tracked for things like materials and payroll, travel and accident are often left exposed. This could cost business’ financially and reputationally, impacting employee wellbeing and having a knock-on effect on recruitment and retention. The fact that all of our travel, accident and assistance solution are under one roof brings cost efficiencies and flexibility to business.”
Statistics from the Global Business Travel Association suggest that global corporate travel spend is set to rise by 7.1 per cent over the course of this year, rising to $1.7 trillion by 2022; with numbers like these, such protection products are likely to be an extremely fertile segment for the foreseeable future.