Corporate Travel Insurance

Travel Insurance – what is it about?

We travel for various reasons – to relax, to gain new experiences, also quite often – for business. However, during the trip, none of us is immune to unpleasant challenges, from unexpected illnesses and injuries to flight and baggage delays. Furthermore, if an employee is sent to a business trip, the employer is obliged to compensate for the losses incurred during his trip. In such cases, travel insurance can help.
BUNDA travel insurance is intended for corporate employees and is valid during their business trips. This insurance can only be purchased by the employer.

What travel risks shall we insure against?

  • Medical expenses (basic insurance coverage, must be included)

  • Personal Accidents

  • Personal Third Party liability

  • Loss, damage or delay of luggage

  • Financial loss due to cancellation or interruption of the trip for important reasons

  • Employee Replacement or Resumption of Assignment Expenses

  • Rented vehicle insurance deductible buy-back

  • Vehicle hijacking

BUNDA Travel insurance advantages

  • Pandemic and epidemic

    A disease for which a pandemic or epidemic has been declared shall be considered an insured event.

  • 24/7 assistance in your language

    In case of an accident, the assistance company will provide 24/7 assistance in Lithuanian, Latvian, Estonian, English, Russian and German languages.

  • No deductible

    In most cases, we will not apply deductible not only to medical expenses, but also to travel expenses, luggage, and Third Party liability insurance.

  • We will cover theft of computer and travel documents

  • We will not apply sub-limits to:

    • Liability for non-pecuniary damage and court costs
    • Baggage items or groups of items
    • If you lose your travel connection – for acquiring a new ticket
  • Insurance in emergency situations

    War and terrorism cover shall also include a passive war and terrorism while being abroad.

Practical examples

A doctor urgently prepares artificial lung ventilation equipment for a patient with a coronavirus
Covid-19 treatment in France

While in France, the person became ill with COVID-19 and was treated in the intensive care unit. After recovering from COVID-19, due to the consequences of the disease, he was repatriated to the country of permanent residence for further treatment. After using the European Health Insurance funds, the remaining costs incurred were ~ EUR 8.000.

White ambulance, emergency medical service van with opened back door.
Treatment in Belgium and repatriation

During the trip to Belgium, the person felt bad. Cardiac disorders were reported in a medical facility. The person was treated in a local hospital, later for further treatment repatriated to country of permanent residence with a medical escort. Total losses (after covering part of them under a valid EU health card) made ~ EUR 21.000, including ~ EUR 13.000 of medical expenses and ~ EUR 8.000 of transportation costs.

Practical examples

A doctor urgently prepares artificial lung ventilation equipment for a patient with a coronavirus
Covid-19 treatment in France

While in France, the person became ill with COVID-19 and was treated in the intensive care unit. After recovering from COVID-19, due to the consequences of the disease, he was repatriated to the country of permanent residence for further treatment. After using the European Health Insurance funds, the remaining costs incurred were ~ EUR 8.000.

White ambulance, emergency medical service van with opened back door.
Treatment in Belgium and repatriation

During the trip to Belgium, the person felt bad. Cardiac disorders were reported in a medical facility. The person was treated in a local hospital, later for further treatment repatriated to country of permanent residence with a medical escort. Total losses (after covering part of them under a valid EU health card) made ~ EUR 21.000, including ~ EUR 13.000 of medical expenses and ~ EUR 8.000 of transportation costs.