Business Travel AD&D

Alcoa provides Business Travel Accident Insurance at no cost to you. This coverage is automatic and no enrollment is required. Business Travel Accident Insurance pays a benefit if you die accidentally or suffer the loss of certain faculties while you are traveling on authorized company business, including travel to transfer from one Alcoa work location to another. Coverage is provided for your spouse and/or children if they accompany you on a business trip. The benefit payable is the same for all covered parties.


Your business trip is considered to begin when you leave your residence or regular work location on authorized company business and continues until you return to your residence or regular work location.


Your Coverage

Your business travel accident benefit coverage is the larger of:

  • $100,000
  • three times your annual compensation, up to a maximum of $1.5 million


Business travel accident benefits are paid in addition to the total amount of life insurance and AD&D benefits paid to you or your beneficiary.


Benefits are payable for death, covered accidental death and dismemberment (AD&D) losses, and loss of use according to a fixed schedule.


If more than one loss is suffered due to any one aircraft accident, the plan will pay benefits up to a maximum amount of $20 million. If the actual loss exceeds this limit, the $20 million will be divided proportionally between covered persons, based on each  applicable benefit amount.


Your Beneficiary

The beneficiary you name for your employee life insurance automatically is the beneficiary for your business travel accident insurance. However, if you assign your life insurance, you must make a separate beneficiary designation for your Business Travel Accident Insurance.


You may have different beneficiaries for your life insurance and Business Travel Accident Insurance coverage. You may change your beneficiary at any time by calling 1-888-ALCOA123 and speaking to a representative.


If you choose, you may assign your rights to your business travel accident insurance. Assignment means that you give all rights to your assignee. To assign your benefit, you must request an assignment form from the claims administrator.


For additional information about this benefit, contact the plan administrator, Chubb, at 1-800-252-4670, or your local human resources representative.