Purchasing travel insurance for employees traveling to Mexico and the Caribbean is essential for companies to consider for several crucial reasons:

According to the CDC, an estimated 10.1 million people travel outside of the U.S. for business… and for every 200,000 travelers to a developing country, an astounding 80,000 people will experience some health problem abroad. It’s no secret that traveling to an unfamiliar location can threaten one’s health—yet, despite these risks, only 20% of international travelers receive pre-travel health care. Are you prepared to address these risks as an organization?

In many areas of Mexico and the Caribbean, especially in more remote or resort areas, healthcare facilities require upfront payment, regardless of whether the patient has insurance back home. Domestic health insurance plans often only provide coverage within the country, and even when they do, reimbursement processes can be cumbersome and slow. Travel insurance can bridge this gap by ensuring direct payment to healthcare providers and facilitating immediate access to necessary medical services without financial hurdles​. The top five reasons companies should consider purchasing travel insurance for their employees:

Duty of Care:

Employers should consider ensuring the well-being of their employees while traveling for business. Providing travel protection demonstrates a commitment to this duty of care, helping to safeguard employees against unexpected health and travel issues and reinforcing the company’s reputation as a responsible employer.

Comprehensive Coverage and Peace of Mind:

Comprehensive travel protection policies often include coverage for trip cancellations, lost luggage, and travel delays in addition to medical expenses. This broad coverage ensures that logistical and medical emergencies are handled, reducing stress and allowing employees to focus on their primary business objectives abroad.

Risk Management:

From a risk management perspective, investing in travel protection is a proactive strategy that helps mitigate risks associated with international travel. This protection covers health risks and serves as a critical tool in crisis management, ensuring that employees have immediate access to assistance services that can guide them through emergencies.

Legal and Financial Protection:

Travel protection can protect employees and employers from potential legal and financial consequences of health emergencies abroad. For example, if an employee becomes seriously ill or injured, the costs associated with adequate protection could be substantial, potentially leading to significant financial strain and legal complications if the care standards are not met.

Quality and Availability of Medical Care:

The standard of healthcare can vary significantly. While major cities might have facilities comparable to U.S. ones, more remote or less developed areas might need more medical infrastructure. Travel protection can cover medical evacuation costs to a facility with appropriate standards of care, ensuring that employees receive the best possible treatment promptly.

Overall, investing in travel protection for employees traveling to Mexico and the Caribbean is a strategic decision that protects both the individual and the organization financially, legally, and ethically. It ensures that travel-related risks are effectively managed and the company fulfills its care towards its employees.

DONT DELAY… BOOK YOUR BUSINESS PROTECTION TODAY!