Crum & Forster's Innovative Leap into Employee Benefits
In a transformative move for the employee benefits industry, Crum & Forster's (CF) Accident & Health Division has partnered with ViaSafely, a tech-savvy insurance program administrator, to launch an annual travel protection offering. This initiative is designed to provide employees with a valuable benefit that they can conveniently access through their workplace, changing how employees think about travel security.
Understanding the New Offering
This new travel protection plan will be available to employees via the bswift benefits administration platform, among other participating brokers and marketplace options. Employees can now sign up for annual travel protection not just for their business trips but also for personal vacations, allowing for solid coverage for multiple trips during the year. This approach contrasts with the traditional model, which typically requires individuals to purchase insurance separately for each journey.
By implementing a simple payroll deduction system, employees can enjoy peace of mind without the fear of unexpected travel-related expenses. This model is particularly appealing to employers, as it allows for the addition of valuable employee benefits without necessitating contributions from the employer.
Marc Flood, Senior Vice President of Business Development at Crum & Forster, emphasized the flexibility offered by this partnership, stating that it aligns travel protection with contemporary benefits decisions employees face today. Such a convenience significantly addresses the pressing financial and lifestyle needs of many individuals in the workforce.
Added Benefits and Features
The annual travel protection scheme, rooted in ViaSafely's innovative approach, goes beyond mere insurance. Employees will receive coverage for both domestic and international trips and can access concierge trip planning and emergency medical assistance while traveling. Such features cater to a growing demand for comprehensive benefits that enhance employees’ financial and lifestyle well-being.
The annual model ensures that protection is available year-round and simplifies the enrollment process for both employees and employers. As Sunil Bhatia, CEO of ViaSafely, noted, the aim was to create a seamless experience that fits naturally into employees' lives, making travel protection accessible without added stress.
With Crum & Forster’s commitment to meet evolving market needs and ViaSafely's modern technology platform, this offering stands to revolutionize employee perceptions of travel insurance, making it a necessary element of their overall compensation package.
Conclusion
Crum & Forster’s new collaboration with ViaSafely not only marks an important milestone in employee benefits but also represents a progressive shift in how companies can align support with the diverse needs of their employees. With the complexities of modern travel, partnerships like this serve to enhance the security and peace of mind employees can enjoy, positioning Crum & Forster as a forward-thinking leader in the insurance arena.
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Annual Travel Insurance or follow Crum & Forster on their social media platforms to stay updated on this and other innovative offerings.