Your Organisations International Travel Risk Management Checklist
In January 2022, Bain and Company projected that under a baseline scenario, global air travel demand would recover to 84% of 2019 levels and under their accelerated scenario, up to 90% recovery.
Either way you want to cut-it the message is clear, with international borders opening up globally, overseas travel is expected to grow to levels we have not seen since the COVID crisis began.
To prepare your organisation for the inevitable requirement to join the trend, we have created a checklist of key considerations for incorporation into your international travel risk management policies:
Know the depth of your COVID Cover: Prior to allowing the commencement of any international travel, review your Workplace and Travel Insurance policies. Understand the extent of cover available to your organisation in the location you are travelling to in the event of a COVID related incident, cancellations, illness or death/disablement;
Know your Emergency and Assistance provider: When reviewing your insurance cover it is equally important to know who they use as their preferred Emergency and Crisis Management Assistance company and how you access their support;
Destination and Australian Inbound Requirements: What are the vaccination proof, quarantine, testing and isolation requirements of the countries your people are travelling to and on return to Australia;
Financial Risks: Assess the financial risks of engaging in international travel at this time for e.g trip cancellation due to border closures and refunds of accommodation and airline tickets (see your organisations travel insurance policy); and
Travel Alerts: Health prior and during travel, remain abreast of Australian and destination country health alerts to identify any possible shifts/triggers that may impede on planned or in-progress travel such as, new COVID strains, border closures, reimposition of mandatory quarantine etc.