Business Travel Accident Insurance
Ryerson-paid Business Travel Accident Insurance is an automatic benefit for all Ryerson employees who are covered for group benefits. The plan pays a lump-sum benefit to help you cope with severe disability caused by an accident or to assist your family if you die due to an accident.
The insurance is effective if you are traveling on Ryerson business from the start of your trip until you return to your workplace or your home (whichever occurs first). The policy also includes rehabilitation support and repatriation benefits. The plan is insured through RBC Insurance.
You are eligible for business travel accident insurance as long as you are under the age of 72 and are an active employee at Ryerson.
Anything else I should know?
- This plan does not require proof of insurability to be covered.
- This plan is not available to early retirees or retirees.
When will my coverage begin?
Your coverage begins on your date of hire.
Can my family be insured for some benefits?
As this plan provides coverage to employees who are travelling on work-related trips, spouses and families are not eligible for coverage.
What is the cost for this coverage?
There are no employee-paid premiums. Ryerson pays for your Business Travel Accident Insurance coverage.
How do taxes apply to the plan?
The premium that Ryerson pays for your coverage is considered a taxable benefit for income tax purposes and the value of this benefit will appear on your T4 slip.
How do I enrol?
This is an automatic coverage and you are automatically enrolled. The only action required on your end is to name a beneficiary who will receive the death benefit from the plan(s) if you die.
How do I name or change a beneficiary?
Your beneficiary for Business Travel Accident Insurance is automatically the same beneficiary(ies) you have named for your Group Life Insurance coverage in section 6A: Beneficiary Nomination of the Sun Life PDF fileGroup Benefits Enrolment/Change form.
If you wish to name more than one beneficiary, you may do so, but you must indicate the percentage of the benefit that you want each beneficiary to receive and the percentages must add to 100%.
You may also elect to fill out section 6B: Appointing Contingent Beneficiaries to receive your benefits in the event that those named in section 6A are not alive at the time of your death.
You may change your beneficiary at any time by contacting Pension and Benefits.
Note: If you do not nominate a beneficiary, the proceeds will be paid to your estate and therefore may be subject to estate taxes and creditors.
When does my coverage end?
Your coverage under business travel insurance benefits program will end on the earliest of the following dates:
- The date you terminate employment with Ryerson;
- The date the relevant plan policy ends; or
- The date you change employment within Ryerson if this benefit plan is not offered under your new employment category.
What is covered?
The plan provides a lump-sum benefit in the event of your death from an accident, or dismemberment, or loss of use of limbs, sight, speech, or hearing, occurring anywhere in the world at any time if you are travelling on Ryerson business. The coverage amount payable for loss of life is called the principal sum. Details about the limits to the principle sum are outlined below.
Please note: You must be taking the trip at Ryerson's request and expense. This coverage is not applicable if the accident occurs on Ryerson premises (for example, if you are required to attend a meeting in another Ryerson building location).
Anything else I should know?
- The plan also covers a guest travelling with you – who may or may not be your eligible dependent – for the same losses, if the guest is travelling at Ryerson's request and expense.
- It does not cover everyday commuting travel and coverage for air travel is subject to limitations. For more details, see What is not covered.
- The coverage is in force from the start of the planned business trip, whether you leave from home, work, or another location. Coverage stops upon return to your home or work, whichever occurs first.
- A loss of life benefit from the plan is payable in addition to any other insurance benefit for loss of life from another insurance plan (such as Basic Life Insurance) that may be in effect at the time of the accident.
What limits apply to the principal sum?
The following is the principal sum that applies to each insured person:
|Insured person||Principal sum||Minimum||Maximum|
|All employees||4x annual earnings rounded to the next higher $1,000 (if not already a multiple of $1,000)||$50,000||$500,000|
Annual earnings means the annual rate of wage or salary excluding any bonuses, commissions, and overtime earnings, paid to the insured person by Ryerson immediately prior to the date of the accident.
Specifics of coverage
The principal sum is payable if the insured person dies. The plan also covers a loss of life that occurs as a result of unavoidable exposure to the elements.
Twice the principal sum is payable in specific cases of paralysis. For other losses or loss of use that occur within one year of the date of the accident, the principal sum or a portion of it may be payable. The portion paid is based on the severity of the injury, as detailed in the table below:
Loss of life
|100% of principal sum|
|Loss of use of:
||3/4 of principal sum|
||2/3 of principal sum|
||1/3 of principal sum|
||1/6 of principal sum|
|200% of principal sum|
* The paralysis must be found to be complete and irreversible 12 months after the accident for this benefit to be payable.
The maximum amount payable to an insured person from RBC Insurance for paralysis benefits is $1 million.
If multiple injuries result from the same accident, the plan will pay the larger amount payable for one of those injuries. The total payable will not be greater than the principal sum, except in the case of quadriplegia, paraplegia or hemiplegia occurring to any insured person.
If an insured person dies due to an accident when he or she is at least 100 kilometres away from his or her permanent residence, the plan will pay up to $10,000 of expenses incurred for the return and transportation of the body to the city of the insured person's permanent residence.
If you sustain an injury covered under the plan, RBC Insurance will pay up to $10,000 of reasonable and necessary expenses for your special training. This includes any training that you require because of your injuries in order to become qualified for an occupation that you would not have engaged in if the accidental injury had not occurred. The expenses must be incurred within two years of the accident. The plan does not cover ordinary traveling, clothing, or living expenses.
Note: If any of the above benefits duplicate those available under the Voluntary Accident Insurance Plan, the amounts payable for the following benefits will be paid under one plan only.
Exclusions & Conditions
The plan will not pay a benefit for a loss or loss of use injury caused by or resulting from the following:
- nuclear war or war between North America and/or the states of the former Soviet Union, China, France, or the United Kingdom
- being under the influence of a controlled substance as defined by federal or provincial law, unless administered on the advice of a doctor
- operating a motor vehicle either under the influence of any intoxicant or if the insured person's blood alcohol concentration is in excess of 80 milligrams of alcohol per 100 millilitres of blood
- service on full-time active duty in the armed forces of any country or international authority
- travel or flight in any vehicle or device for navigation beyond the Earth's atmosphere or for aerial navigation (except if it is specifically allowed under conditions applying to air travel, below).
- travel to and from other Ryerson buildings or locations
Conditions on air travel coverage
Coverage for air travel only applies if you are riding as a passenger (not a pilot or crew member) of either:
- a transport aircraft of the Armed Forces of Canada or a similar service of another country, or
- any civil aircraft that is not owned, leased or operated by Ryerson or by a person insured under the policy or a member of his or her household.
The aircraft must be operated by a duly licensed pilot; have a current unrestricted airworthiness certificate; and not be used to fight fires, inspect pipelines or powerlines, take aerial photographs or explore.
RBC Insurance will not pay more than $2.5 million to all insured persons in respect of any one aircraft accident. If the total claims exceed this aggregate limit, each claim payment will be adjusted by multiplying the original claim amount by the same ratio as the ratio that the total combined claims has to the aggregate limit.
How do I submit a claim for this plan?
Pension and Benefits must be notified of any loss or loss of use covered by the Business Travel Accident Insurance plan so that they can provide the necessary forms and instructions.
RBC Insurance must receive written notice within 30 days of the accident of any loss or loss of use caused by the accident. If it is not possible to give notice in this time frame, the failure to notify the insurer will not invalidate the claim if you give notice as soon as reasonably possible.
RBC Insurance retains the right to have a doctor of their choice examine you, as often as is reasonably necessary, at their expense. In the event of death, an autopsy may be required, if permitted by law.
In any event, RBC Insurance, and not Human Resources, will make the final decision with respect to benefits entitlement.
If I leave Ryerson, can I continue my Business Travel Accident Insurance coverage?
This group coverage may not be converted to an individual policy. Your coverage will end upon termination of employment.
Ryerson reserves the right, at any time, to amend, change or discontinue any benefit coverage. If there is a question about coverage referred to in any portion of this benefits communication, the master contract from the insurer is the governing document.