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Business Travel Accident Insurance

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AIG

Business Travel Accident Insurance

AIG

Safeguard employees during foreign or domestic business travel. Business Travel Accident (BTA) insurance from AIG helps support an employer’s obligation to protect employees while traveling on company business—whether locally, interstate, or internationally.

When you are covered

  • Business only: while traveling on the business of the policyholder (Class IA and IB)
  • Occupational violent crime: while on the business of and while on premises of the policyholder (Class IA and IB)
  • Family accompanying the insured: extends coverage to a dependent while accompanying the insured during an authorized trip authorized by the policyholder (Class IC)

Eligible persons and principal sum

Class Description of class Principal sum
IA All active U.S. officers, members of the Board of Investment, directors and trustees of member banks of the policyholder, who are not in any other class. $500,000
IB All other active U.S. employees of member banks of the policyholder, who are not in any other class. $300,000
IC All eligible spouses and eligible dependent children traveling on the business of the member bank of the policyholder with an insured, who are not in any other class. $50,000

Important note: The Principal Sum payable for a loss may be reduced if an insured person is age 70 or older on the date of the accident for benefits where the amount payable is determined as a percentage of the Principal Sum. Refer to the policy for specific details.

READY TO SIGN UP?

The annual enrollment period for this employer-provided coverage begins each October. Securing your benefit is hassle-free – simply contact Chad Pook to confirm the number of full-time employees to be covered. With a nominal cost of only $2.64 per full-time employee per year, our coverage ensures comprehensive protection for you and your team.

Stay informed by subscribing to our mailing list. Go to your Communication Preferences and opt in to marketing materials from the Group Insurance Trust.

EMPLOYEE COMMUNICATIONS

Posted: Dec 3, 2024
Comments: 0
Author: Chad Pook

Provide employees with a clear understanding of Business Travel Accident Insurance benefits through AIG. This summary outlines essential coverage details, helping your team feel secure wherever their work takes them.

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