The ABCs of Business Travel Insurance

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Corporate journeys are supposed to be at least a little thrilling. After all, you're getting out there, building a business network, stepping up your professional game, and representing your company. However, things like flight delays and unfortunate booking errors on the part of your accommodation provider can upset the apple car quite a bit. Do you know how to set up travel insurance to streamline your business trip? Here's a quick look at the basics of travel insurance for corporate travellers.

What Exactly is Business Travel Insurance?

Business travel insurance protects corporate travellers from any unforeseen circumstances that could disrupt their trip or ability to do their job/earn an income while they are travelling for work.

What Does it Cover?

This wholly depends on the policy you choose and differs from one broker and underwriter to the next. The most common things that are covered by a business travel policy include:

  • Cover for your personal belongings and valued items, such as laptops and other work-related devices such as cameras, power banks, business mobiles, external drives, etc.
  • Cover against flight delays and cancellations that could derail your trip.
  • Corporate family care benefits.
  • Cover of unexpected loss of income that pays out a personal liability benefit in the event that you are severely injured while travelling abroad.

Do I Need Travel Insurance for Domestic Travel?

The short answer is yes. While the odds of being seriously delayed when you’re only travelling to the next province is slimmer than when you’re headed for Europe, the United States or Asia, it is still better to have some cover than none at all. From an employer’s point of view, there is also duty of care to take into consideration. Whenever your employees travel for work, it is your responsibility to ensure that they have insurance in place in case something unforeseen transpires.

There you have it - a concise look at the basic aspects of travel insurance for corporate travellers. Keep an eye on the blog in coming weeks and months as we share more helpful information to streamline your business journeys from start to finish. In the meantime, do not hesitate to contact the TravelManor team to ask us for advice or a referral to a reputable underwriter or broker. We know the best in the business and we are more than willing to put you in touch with an insurance company that knows the corporate travel landscape.

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