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Why you need a risk management strategy for your business travellers

Why you need a risk management strategy for your business travellers-1.png

The Business Travel Magazine recently reported that 32% of SME’s do not have a traveller risk strategy in place. Mitigating these travel risks, whether it be from terrorist activity, to an act of nature such as an earthquake, whilst ensuring the relevant duty of care for employees can be tricky make sure to check you have everything covered within your business travel policy.

Traveller tracking solutions and crisis management services provide reassurance not only for the corporate travellers themselves, but for their loved ones as well as their employer when an emergency occurs. If you decide to use a Travel Management Company they will provide risk and travel alerts advising travellers and travel bookers of any events which may affect the trip. These travel alerts can range from strike action, travel advice changes, passport and visa requirements and cancellations.  

Activity reports help when providing details to a business insurer of the length of time in a particular area their employees undertake. A good Travel Management Company, can provide this data for insurance reporting making the renewals process less complicated.

All businesses need to provide insurance cover for their employees when travelling on company business within the UK or overseas. The areas of the world and the length of time away on company business, affects the insurance cover and premiums to be paid, so businesses have to provide these details to their insurer. Corporate travel management companies make what can be a difficult task easy by providing an activity report clients to give straight to their insurer when their renewal is due each year.

If you have any tips for travel risk management strategies then we would love to hear from you! Just comment in the box below.

The SME's Guide to Procuring Travel Management Services

About Danielle Martinez

Danielle is our marketing coordinator and loves nothing more than creating thought provoking and interesting content to help our customers with business travel. Feel free to contact Danielle if there is anything you’d like to see covered within our business travel blog, she’d love to hear from you!
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