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Business Travel Insurance Summary

The Anglican Insurance Board has been established to utilise the strength and values of the Anglican mission in the purchasing of favourable insurance terms and conditions that cannot be purchased when acting as an individual. In keeping with the purpose of the AIB we have arranged preferential Business Travel insurance via Chubb Insurance (Previously ACE).

BUSINESS TRAVEL INSURANCE

Coverage Summary

The insurer has a Business Travel Insurance product offering that strives to be consistently outstanding. More recently the policy terms and conditions have been extended to cover private travel. The policy can cover domestic travel when more than 100km from home and international travel. The policy covers trustees, employees and other persons authorises by the insured and their accompanying family members.

Persons wanting insurance for private travel should complete the application form (found on our website) and supply the insured member organisation in advance with names and dates.

Claims are made directly between the individual and the insurer.

The covers contained in the Policy are summarised below. Cover is subject to the full terms, conditions and exclusions contained in the Policy. Certain terms used in this summary are defined in the Policy.

 Section 1 – Personal Accident and Sickness Cover

The insurer will pay agreed lump sums or weekly benefits if an Insured Person suffers from an Event included in the Table of Events as a result of an Injury or Sickness. A number of additional benefits will also be paid under the additional cover provided.

Additional Covers Under Section 1 include the following:

Corporate Image Protection

If an Insured Person or group of Insured Persons suffer an Injury or Injuries (as applicable), and in the insurer’s opinion this is likely to result in a valid claim under the Policy with respect to, Part A – Lump Sum Benefits for either:

  1. a) Event 1 – Accidental Death; or
  2. b) Event 2 – Permanent Total Disablement,

The insurer will reimburse the Insured for costs (other than the Insured’s own internal costs) incurred for the engagement of image and/or public relations consultants; and/or the release of information through the media. Costs must be incurred within fifteen days of, and directly in connection with, such Injury, to protect and/or positively promote the Insured’s business and image. The maximum amount the insurer will pay is $15,000 with respect to any one Event.

Rehabilitation Expenses

On the occurrence of Temporary Total Disablement or Temporary Partial Disablement (as outlined in the Policy as Events 25, 26, 27 and/or 28) for which benefits are payable, the insurer will reimburse expenses incurred for tuition or advice for the Insured Person from a licensed vocational school, provided such tuition or advice is undertaken with the insurer’s prior written agreement and the agreement of the Insured Person’s Doctor. Compensation under this provision will be limited to the actual costs incurred not exceeding $500 per month and will be payable for a maximum of six months.

Education Fund Supplement

If an Insured Person suffers an Accidental Death while on a Journey and is survived by Dependent Child(ren), the insurer will pay the Insured Person’s estate $5,000 for each surviving Dependent Child subject to a maximum benefit amount of $10,000 with respect to any one family.

 Section 2 – Kidnap and Ransom/Extortion Cover

The insurer reimburse the Insured for certain Extortion/Ransom Monies and other amounts if an Insured Person is the subject of a covered Kidnapping while on a Journey.

Section 3 – Hijack and Detention

The insurer will pay the Insured a daily agreed amount while an Insured Person is subject to a covered Hijack or Detained as a result of a Hijack for more than 12 hours while on a Journey.

 Section 4 – Medical and Additional Expenses and Cancellation and Curtailment Expenses

The insurer reimburse the Insured, the Insured Person for certain Injury or Sickness while on a Journey; additional or forfeited travel, hotel or out of pocket expenses as a result of the unexpected death, Injury or Sickness of the Insured Person; or the unexpected death or Serious Injury or Serious Sickness of a Close Relative, business associate or travelling companion of the Insured Person; or any other unforeseen circumstances outside the control of the Insured or an Insured Person which is not otherwise excluded under the Policy.

Section 5 – Assistance

The insurer’s Assistance provides certain emergency assistance to an Insured Person while on a Journey.

Section 6 – Loss of Deposits

The insurer will reimburse the Insured or the Insured Person up to the amount specified in the Schedule for: proposed Journey which are lost due to that Journey being changed or cancelled as result of the unexpected death, Injury or Sickness of the Insured Person; or the unexpected death or Serious Injury or Serious Sickness of a Close Relative, business associate or travelling companion of the Insured Person; or any other unforeseen circumstances outside the control of the Insured or an Insured Person which is not otherwise excluded under the Policy; the retail price for any airline ticket purchased using Frequent Flyer or similar reward points which is subsequently cancelled as a result of a covered unforeseen circumstance, where the loss of points cannot be recovered from any other source.

Section 7 – Baggage/Business Property, Electronic Equipment, Deprivation of Baggage and Money/Travel Documents

The insurer indemnifies (up to a specified amount) the Insured or the Insured Person in respect of certain loss of, theft of or damage to certain Baggage/Business Property, Electronic Equipment or Money/Travel Documents.

Additional Covers under Section 7 include:

Coins and Bank Notes

In respect of coins or bank notes held for the purpose of a Journey, cover shall commence at the time of collection from a financial institute or seventy two hours prior to commencement of the Journey, whichever is the later and shall continue for seventy two hours after termination of the Journey or until deposit at a financial institution, whichever occurs first.

Tools of Trade (Courier costs) In respect of tools of trade and travellers samples, the insurer shall pay for the urgent courier delivery of replacements to enable the Insured Person to continue to conduct business in the event of accidental loss, theft or damage of these items up to a maximum of $20,000.

Section 8 – Alternative Employee/Resumption of Assignment

Expenses

The insurer pay’s the Insured for certain Alternative Employee Expenses or Resumption of Assignment expenses incurred as the direct result of an Insured Person dying or suffering a Serious Injury or Serious Sickness or a claim being admitted under Cancellation/Curtailment Expenses (as detailed in Section 4 of the policy).

Section 9 – Personal Liability

The insurer indemnifies the Insured Person against certain damages they become legally liable to pay in respect of either Injury to any person or loss of or damage to property where the injury or damage is caused by an Accident. The insurer also pay’s certain approved legal costs and expenses.

Section 10 – Rental Vehicle Excess Waiver

ACE reimburse the Insured or the Insured Person for the Rental Vehicle Excess of a Rental Vehicle payable because the vehicle is involved in an Accident while under the control of the Insured Person or the vehicle is stolen or damaged.

Additional Cover under Section 10:

If an Insured Person uses a Personal Motor Vehicle for business purposes, and is involved in a collision while they are in control of the vehicle, ACE will provide for reimbursement of any claim up to and including the prescribed excess or claim below the excess that would have been payable under the vehicles comprehensive motor vehicle policy of insurance relative to the damaged vehicle.

Section 11 – Political & Natural Disaster Evacuation

The insurer pays certain costs of the Insured Person’s return to their home country or the nearest place of safety and certain reasonable accommodation costs if the Insured Person is unable to return to their home country, as a result of a covered evacuation or if a major natural disaster has occurred in the country the Insured Person is in, necessitating his/her immediate evacuation in order to avoid risk of personal Injury or Sickness to him/herself

Section 12 – Missed Transport Connection

The insurer pays the Insured or the Insured Person certain reasonable extra expenses to enable the Insured Person to use alternative scheduled public transport services and arrive at their destination on time if the Insured Person has missed a transport connection in specified circumstances.

 NEW COVER

A new cover has been developed, Insured Persons will be covered in respect of costs associated with Search and Rescue operations.

Section 13 – Search and Rescue Expenses

The insurer will reimburse the Policyholder up to $20,000 per Insured Person, up to a maximum of $100,000 per any one Period of Insurance, in respect of certain costs incurred by a recognised rescue provider or the police authorities if while on a Journey outside their Country of Residence, an Insured Person is reported missing and it becomes necessary for the rescue provider or police authorities to instigate a search and rescue operation.

KEY COVER EXPLAINED

Section 4 – Medical and Additional Expenses and Cancellation and Curtailment – the exclusion with respect to pre–existing medical conditions of persons other than the insured has been deleted. Cover is available for the Cancellation or Curtailment of a Journey in the event of the unexpected death or Serious Injury or Serious Sickness of a Close Relative, business associate or travelling companion of the Insured Person. Serious Injury or Serious Sickness means an Injury or Sickness for which the attending Doctor certifies that the attendance of the Insured Person is necessary given the immediate threat to the injured or sick person’s life. It does not mean a terminal condition diagnosed prior to the commencement date of the Journey or any chronic or other medical condition (other than mild and controlled asthma or hypertension) for which the person on whom the claim depends:

(a) has received daily medical treatment or medication in the thirty days immediately prior to commencement date of the Journey; or(b) required hospitalisation or surgery or investigation in the six months immediately prior to the commencement date of the Journey; or (c) was on a waiting list for hospital or surgical treatment or investigation at the time the Journey commenced.

Section 6 – Loss of Deposits – to what extent the Policy will cover incurred Travel & Accommodation Expenses in the event a Journey is changed rather than cancelled.

In the event a proposed Journey is changed the insurer will reimburse the additional Travel and Accommodation Expenses incurred as a result of changing the Journey provided that these expenses do not exceed the amount You or the Insured Person would have otherwise incurred had the proposed Journey been cancelled.

Section 7 – Baggage/Business Property, Electronic Equipment, Deprivation of Baggage and Money/Travel Documents – Sporting equipment & bicycles are excluded while in use. As with Electronic Equipment, jewellery now needs to accompany the Insured Person as personal cabin baggage or be worn aboard the Conveyance they are travelling on.

However, cover will apply if the Conveyance Operator has specifically instructed the Insured Person that Electronic Equipment and/or jewellery must be placed in the hold and no prior instruction or advice regarding this requirement was available to the Insured or the Insured Person prior to checking in.

Section 10 – Rental Vehicle Excess Waiver – the definition of Vehicle includes motorcycles.

Important note:

This webpage provides an overview of the policy. Please read the full policy wording, in the event of any conflict in wording the policy prevails. If you would like to discuss your existing cover, or if you would like talk about the cover that best suits your needs, please contact us on 04 473 9369 or email us at