Travelling for business often has different requirements compared to travelling for leisure. Delays become more important, for instance, as meetings need to be made on time.
As such, business travel insurance is able to provide a more tailored option for those workers heading abroad to attend anything from international seminars to meetings with the overseas arm of their company.
Business travel insurance comes with a variety of extras and options to meet a wide range of business travel needs, including protection for any business equipment you may need to take with you on your trip.
What do I need to know about business travel insurance?
Business travel insurance offers protection designed to cover those needing to travel quickly, offering protection against cancelled or delayed flights which could prevent you from meeting any tight deadlines that you may have.
If you make frequent trips, an annual multi-trip policy may further reduce costs, as this is cheaper than taking out individual policies every time you fly. Depending on your destination, this can be combined with worldwide travel cover to include countries outside of Europe, such as USA and Canada.
What are the benefits of business travel insurance?
Business travel insurance is designed to meet a number of business travel needs, offering additional protection that wouldn't normally be included on a standard travel insurance policy. This includes loss, theft or damage of business equipment, such as work laptop, and also extends to business equipment hire should it be needed.
If you are unable to attend your business trip for circumstances outside of your control, such as if you are hospitalised, business travel insurance will provide compensation for reasonable additional accommodation and travelling expenses incurred as a result of a arranging for a colleague to take your place on the trip.
Business travel insurance also includes the benefits of a standard policy including 24 hour emergency assistance, emergency medical expenses, and the loss of personal money, passports and other important documents depending on your level of cover.
What activities are covered under my policy?
As part of your business trip, you may also be entertaining colleagues, or simply networking during your downtime.
Business travel insurance also includes a number of activities as standard, and also offers the option of additional golf cover, which provides cover for golf equipment and green fees, should it be needed.