Personal Accident and Business Travel - Target Market Statement

What is the purpose of this product?

This CABT product provides group policyholders with Personal Accident covers that will provide an insurance benefit in the event of an employee/insured person suffering an accident that causes death or disablement. Additional benefits enhance the offering and provide financial support and assistance services in the event of a claim. The benefit is paid to the insured person, their family or the insured group policyholder.

The Business Travel cover provides financial protection and assistance services to a group policyholder’s travelling employees, protecting them from financial loss and fulfilling their duty of care obligations. Covers include overseas medical expenses and assistance, and trip cancellation etc.

What is the target market?

Commercial employers across a wide range of trade groups, based in the UK (cross-border and multinational programmes available offline).

Clients that want to enhance their people protection policies and compliment their employer’s liability programme, covering staff in the workplace and whilst travelling for business.

What is the non-target market?

We cannot cover individual persons unless part of a wider group. Appetite is broad and most customer types can be considered.

Cover for illness, air crew and pilots, mining, professional sports, medical staff, blue light services and municipal style customers can be considered under our commercial product.

How is the product distributed?

This product can be distributed by brokers, other intermediaries, direct to customer face to face or it can be sub-broked.

Does the product demonstrate fair value?

The outcome of the Fair Value Assessment (FVA) conducted in accordance with Zurich's published FVA methodology confirms that the product provides fair value. All products listed have all passed the Fair Value Assessment and are valid until 30/09/2026.