Tips For Effective Travel Risk Management

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travel risk management

Traveling has become one of the best ways to enjoy ourselves these past few years. And why wouldn’t it be? Traveling is fun for anyone! Whether it’s miles and miles onboard a plane, a sea voyage, or even a road trip via car, bus, or train, travelling has a lot to offer anyone and everyone, no matter what their preferences are.

For most people, traveling is just an easy task and it requires little to no effort – just pure fun and excitement.

However, for companies and organizations where travel risk management is of central importance to keep their business and employees competitive in the market, ensuring a seamless and secure traveling experience is more than just a plain ol’ job.

To ensure a responsible travel management, businesses should keep in mind two major aspects: Employee’s safety and security. These aspects often focus on prominent issues like natural disasters, terror incidents, and kidnapping, to less dramatic but far more frequent accidents such as car collisions and medical incidents abroad.

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On a bigger perspective, effective travel risk management also includes factors such as convenience and connectivity.

The stress that employees may suffer from a poorly-planned travel management – i.e. delayed flights, lost baggage, less productivity, and being away from loved ones should also be taken into consideration.

With a lot of moving parts, travel risk management calls for an effective collaboration throughout the key divisions of the company – from travel, HR, legal, to risk management, security, and procurement. Otherwise, a single oversight can expose both the traveler and employer to multiple risks.

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Knowing what to look out for during a travel – both for travelers and employers – is the first step to a successful travel risk management.

This allows you to build the foundations of what to do as you are made aware of what you should look out for or what you can potentially find yourself facing in the time of need.

Not everyone may experience what happened to Liam Neeson’s daughter in the first Taken movie, but that’s still a risk worth assessing and keeping in mind.

Despite knowing what the dangers are or having increased exposure, however, a lot of travelers are still lacking effective preparation to reduce these risks, and generally, have a poor perception of their employer’s travel safety program.

Statistics show that a large majority are still believing in points that otherwise are not necessarily true for their travels, especially when it comes to traveling because of the company.

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Things such as legal obligation of ensuring safety by companies, not carrying specific contact numbers for cases of crisis, not trusting the company would give them the correct information during overseas emergency and even not knowing what exactly to do in case of an emergency overseas are just some of the concerning statistics that carry over poor travel risk management.

However, this doesn’t mean that traveling should be a game of Russian Roulette for your company’s employees and employers.

In this infographic, Hyryde details several tips on what to do to make sure that your travel risk management is effective and can ensure the safety, security, and convenience of your travelers and employers.

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