What is the difference between a working holiday and business trip travel insurance?
While the terms ‘working holiday’ and ‘business trip’ are not specifically defined in the Product Disclosure Statement (PDS), the distinction generally relates to the primary purpose of your travel.
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Working holiday travel insurance is generally intended for individuals who are travelling for an extended period and may engage in casual or short-term work while overseas. This can include roles such as hospitality, farm work, or retail.
- A business trip travel insurance is generally intended for individuals who travels at the direction of your employer to perform work-related duties abroad. The trip is typically business-focused and may be funded, arranged, or supported by your company.
Fast Cover may provide travel insurance for both working holidays and business trips, depending on:
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The policy type selected;
- The nature of the activities you engage in during your trip; and
- Whether you meet the eligibility criteria at the time of application.
It’s important to know that some situations may not be covered under either type of policy. For example, business-owned items or work equipment are not covered as they don’t belong to you personally.
In addition to that, individuals on an Australian temporary resident visa including those on a working holiday visa or temporary visitors including those on a tourist visa, are not eligible to purchase Standard Saver, Comprehensive or Snow Sports Plus policy after departing Australia. You should always check the PDS carefully for details on what is and isn’t covered.
Eligibility criteria, policy terms, conditions, exclusions, limits and sub limits apply. Consider the PDS prior to deciding on which policy is right for you and your needs.
Any advice is general advice only and does not take into account your individual objectives, financial situation, or needs. Please consider the PDS before making any decisions regarding the purchase of travel insurance.