Business Traveler, Dec/Jan 2021
D E C E M B E R 2 0 2 0 J A N U A R Y 2 0 2 1 b u s i n e s s t r a v e l e r u s a c o m 1 2 I nsurance has always been a numbers game Providers have long been adept at striking a balance between making offerings attractive and including limitations that protect their bottom line But the spread of COVID 19 has made keeping that equation in balance trickier than usual Faced with the unique health challenges of 2020 the insurance industry is busy conjuring up new options for business travelers Most major insurance carriers provide some form of business travel assistance and health insurance says Bruce McIndoe president of McIndoe Risk Advisory But pandemic related international requirements have prompted insurers to up their game Since many countries require some level of health and extended stay quarantine coverage specifically for COVID 19 most major carriers now provide this coverage he says This represents a major step forward While some measure of coverage has always been available it largely fell short of current needs Most medical travel plans on the market prior to the pandemic excluded coverage for The global pandemic is rewriting the rules of the game for travel insurance COVERING COVID pandemics and epidemics so folks were left without protection says Jeremy Murchland president of Seven Corners a global travel insurance company Today there are newer plans on the market that provide that all important protection Although business travel is still down a great deal Murchland notes an increase can be expected and employees who travel need an insurance plan that protects them during the pandemic His company is among those that have developed COVID specific plans They include the same standard coverage
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