Travel Risk Management Articles | Risk Management

By: Jay Ellenby

Every time an employee travels, there is a risk that something harmful can happen to the employee or the company. Having an understanding of these risks, how employees can be impacted and the action that should be taken in case of an incident is known as Travel Risk Management. As companies are expanded, more employees are traveling and risks around the work increase, Travel Risk Management is an ever-increasing important factor.

Travel Risk Management does not just apply to companies with employees making long a transatlantic journey. Business travel is defined as any travel within 100 miles of the employee’s home. Travel Risk Management even applies to employees even making short day trips to a client or another office location a relatively short distance away.

If your company has employees that travel, it is important for you to have a Travel Risk Management Plan that covers the types of risks that employees may face and the actions to be taken in case of an incident.

Travel management companies can play a primary role in assisting with travel risk management plans. They can help lay out a clear plan for what will happen if there is an incident – ranging from a traveler falling ill, being injured, a terrorist event or a natural disaster. The travel management company will often be responsible for carrying out the plan.

For example, in the case of a natural disaster, Safe Harbors will do a search for all current travelers in the region/city affected. Once it is determine who’s in the region or will be traveling to/from the region in a chosen timeframe, the traveler and the company are contacted and alerted. Whenever possible, Safe Harbors will also assist with re-routing and re-booking.

Safe Harbors Travel Group is shaping a new age of business travel management. Safe Harbors’ expertise in business travel, global travel infrastructure, vendor management, expense and accountability reporting and travel information systems is helping clients achieve their business goals with a higher return-on-travel-investment. Headquartered in Baltimore, Safe Harbors provides global travel management to more than 100 corporate clients.