Why is business travel accident insurance a good idea for your clients?
President John F. Kennedy said, “When written in Chinese, the word 'crisis' is composed of two characters. One represents danger and the other represents opportunity.” In today's global business climate, in which the pursuit of opportunity results in increased employee travel to some of the most dangerous regions of the world, agents and brokers have an opportunity to mitigate their clients' risks by providing them with a comprehensive business travel accident insurance plan.
Following the financial crisis, cash-strapped companies cut discretionary travel funds, resulting in an extended slump in work-related travel. According to the Global Business Travel Assn., however, business travel spending in 2011 was up by 6.9 percent and is expected to see continued growth in 2012. While both domestic and international travel affords businesses substantial growth opportunity, it also means that companies face further exposure to costly risks and liabilities.
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