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Employers encouraging gap year travel insurance sales

31 March 2009 07:44

Employers encouraging gap year travel insurance sales

A growing number of people are being urged to purchase a gap year travel insurance policy and take a career break by their employers, it has been revealed.

According to Gap Year for Grown Ups, a holiday company specialising in long-term breaks, companies have become more receptive to the idea of staff setting off with backpacking travel insurance to explore the world.

This allows them to cut their staff costs at a time when cash is tight without having to make people redundant, according to Lauren MacKay, brand manager for the company.

"Employers are definitely much more in tune with the whole idea of career breaks," she explained.

"With the recession at the moment, they're encouraging people to take a break and are keen to reduce their head count temporarily."

Gap Year for Grown Ups revealed last summer that there has been a 300 per cent growth in demand for career breaks abroad since 2005.

Of the bookings it receives, the figures suggest that the majority (61 per cent) are aged 30 to 50, with 27 per cent being over 50 years old.ADNFCR-1320-ID-19095806-ADNFCR