Family Travel Insurance

Family Travel Insurance

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Hello 

A limited company has purchased family worldwide travel insurance.  Husband is Director, wife is Company secretary.  The policy includes business cover.  It would be used for business trips but also private trips for the whole family.

What would be the BIK position?

Many thanks

Replies (2)

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By stt
26th Feb 2014 14:20

The private trips

are clearly a benefit and so you need to calculate an appropriate proportion.

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By JWB
27th Feb 2014 12:13

If the additional cost of including a. the family and b. the private trips were neglible then I no BIK? but what if one of the children had an accident and a claim needed to be made would a BIK arise then?  

I'd like to look at the tax section if anyone could point me in the right direction?

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