Despite video conferencing and social media, nothing seems to replace the face-to-face meeting. Travel schedules are still robust with bookings as of September 2012 the same or better as the same time last year. While overseas business trips yield many benefits, they may also reap injuries that may not be covered by a U.S. workers compensation policy—leaving employers and employees in a financial quagmire.
Overseas trips tend to be longer which can increase an employee’s likelihood of illness, injury or accident. Depending upon the destination, it may cost more to repatriate an injured or ill employee back to the United States or move him/her to adequate medical facilities due to increases in fuel costs for ambulatory planes.
Foreign voluntary workers compensation is an important tool that helps protect U.S. businesses from these types of expenses and provides the protection that business travelers need. If an employee is injured in an automobile accident in Tokyo or comes down with food poisoning in India, FVWC can help make sure a company’s most valuable asset will be well-cared for.
Mary Beth Pittinger is a vice president and senior workers compensation underwriter for Chubb.