Business Travel Insurance
Compare the best travel insurance for business employees and directors
We work with the leading business travel insurers that can accomodate small businesses to large multinational corporations. To obtain your business travel insurance quote request a call-back.
What is business travel insurance?
Business travel insurance is essential for companies and professionals who frequently travel for work. It provides comprehensive travel cover for various risks associated with business trips, ensuring peace of mind and financial protection. Key features include medical cover for emergency treatments and hospitalisation, trip cancellation and interruption benefits, and compensation for lost or delayed baggage. Additionally, policies often cover travel delays, personal liability, and accidental death and dismemberment.
Business travel insurance typically offers 24/7 emergency assistance services, which can be crucial in navigating medical and travel-related emergencies. Single trip policies cover one specific trip, making them ideal for infrequent travellers, while annual multi-trip policies cater to frequent travellers, providing cost-effect cover for multiple domestic and international trips within a year.
Compare business travel insurance cover from the leading carriers
Selecting the right insurance for business travel involves assessing coverage limits, understanding exclusions, and reviewing policy terms to ensure they align with the travel needs. A well-chosen policy helps companies fulfil their duty of care obligations, manage financial risks, and ensure the safety and well-being of their employees on the move, allowing travellers to focus on their work without worrying about unforeseen issues.
Each insurer's business travel cover will be slightly different. Some can have vary coverage limits and scope, while others may have differing flexibility or geographic coverage. Exclusions and limitations are likely to differ between insurers, as well as the premiums and the terms and conditions of the policy.
By having a clear understanding of what your cover protects against, business owners can make informed decisions about their insurance needs and create a robust risk management strategy. Compare business travel insurance quotes to ensure your business is fully covered by a robust policy from the leading commercial insurance carriers.
Medical Expenses
Under a Travel Insurance for Business Travel policy, medical expenses and emergency evacuation cover can be provided, which is vital for travellers facing health issues abroad. If a traveller becomes ill or injured while on a business trip, the policy covers the cost of medical treatment, including hospital stays, doctor visits, and prescribed medications. Additionally, if the local medical facilities are inadequate, the policy covers the cost of emergency medical evacuation to the nearest suitable hospital or even back home.
Cancellation or Interruption
The cancellation or interruption of a trip can be covered under a Business Travel Insurance policy, which provides crucial financial protection when unforeseen events force changes to a travel plan. If a trip is cancelled before departure due to covered reasons such as illness, injury, sever weather, or other emergencies, the policy can reimburse non-refundable expenses such as airfare, hotel bookings, and pre-paid activities.
Lost or Delayed Baggage
Financial protection for lost or delayed baggage can be covered by a Travel Insurance for Business policy, for when a traveller’s luggage is lost, stolen, or significantly delayed. If luggage is lost or stolen, the policy reimburses the cost of replacing essential items and personal belongings such as clothing, toiletries, and business materials. In the case of delayed baggage, the policy typically covers the cost of purchasing necessary items until the luggage is recovered.
Travel Delays
Cover compensates travellers for additional expenses incurred when a trip is delayed due to covered reasons like sever weather, mechanical issues, or strikes. If a delay exceeds a specified period, the policy reimburses costs such as meals, accommodations, and transportation needed during the waiting time. This coverage ensures that travellers are not financially burdened by unexpected delays, allowing them to manage inconveniences without stress.
Accidental Death
Can provide financial protection against accidental death for the insured’s chosen beneficiary in the event the traveller dies due to an accident during a business trip. This coverage typically offers a lump-sum payment to the designated beneficiaries, which can help cover funeral costs, outstanding debts, and provide financial support to family. The payout amount is pre-determined in the policy and is paid out regardless of any other life insurance policies the traveller may hold.
Emergency Assistance
Travellers can gain access to emergency assistance services which provides round-the-clock support for travellers facing urgent situations abroad. This coverage includes access to a 24/7 helpline that offers a wide range of services, such as arranging medical treatment, providing legal assistance, coordinating emergency medical evacuations, and helping with lost or stolen documents. The service also assists with travel arrangements, such as rebooking flights or finding accommodations during unforeseen delays.
Types of business travel insurance policy
Single Trip Travel Insurance
This type of policy covers a single business trip, from the time of departure until the return. It is ideal for individuals or employees who travel infrequently or for one-off business trips. Typically includes trip cancellation, medical expenses, emergency evacuation, lost or delayed baggage, and travel delays for the duration of that specific trip.
Annual Multi Trip Insurance
This policy covers multiple business trips taken within a year, otherwise known as an Annual Travel Insurance policy. It is a more cost-effective option for frequent travellers who embark on numerous trips annually. Similar to single trip insurance, it covers medical expenses, trip cancellation, baggage loss, and other travel-related risks, but applies to all trips taken during the policy term.
Group Travel Insurance
Designed for businesses or organisations sending a group of employees on a trip together. This policy covers all members of the group under a single plan. This offers the same protections as individual policies, including medical coverage, trip cancellation, and baggage protection, but typically at a discounted rate for the group.
How is your business travel insurance quote calculated?
Destination – Travelling to high-risk areas, such as countries with political instability, high crime rates, or significant health risks, typically results in higher premiums. Insurers assess the likelihood of claims being made due to events like civil unrest, terrorism, or diseases prevalent in the destination country.
Duration of Travel – Longer trips increase the likelihood of incidents occurring, so premiums are higher for extended travel periods. This includes both the duration of individual trips and the total number of travel days over a year for frequent travellers.
Type of Coverage – Higher cover limits for medical expenses, trip cancellations, or lost baggage result in higher premiums. Travellers can choose different levels of coverage depending on their needs and risk tolerance.
Number of travellers – Policies covering multiple employees or group travel often come at a higher overall cost, though they may offer per-person discounts. The number of travellers and their individual risk profiles (age, health etc.) will influence the premium.
Occupation and Nature of Work – The nature of the business activities during the trip can impact the premium. High-risk occupations, such as those involving physical labour, working with hazardous materials, or requiring travel to dangerous locations, are likely to result in higher premiums.
Frequently asked questions
Why should you buy a travel business insurance policy?
Travel business insurance protection against medical emergencies, trip cancellations, lost baggage, and travel delays is an important consideration. It ensures access to quality healthcare, reimburses non-refundable expenses, and covers business equipment. Additionally, it offers 24/7 emergency assistance, enhancing employee security and well-being, while minimising financial risks for the company. Insurance for business travel is a vital investment that provides comprehensive protection, supports business continuity, and enhances employee security and well-being. It mitigates risks, ensures financial stability, and offers peace of mind for both employers and employees during business travel.
How can I obtain a business trip travel insurance quote?
Arrange a call back to discuss your requirements. We can identify no-obligation quotes from the wholesale market. We at Get Indemnity are regulated by the Financial Conduct Authority and our customer have access to the Financial Ombudsman Service.
What industries can benefit from business travel insurance?
Purchasing a business travel policy provides numerous benefits and protections that can be crucial for both the employer and the employee. Here are the key reasons why it is important to buy a policy:
Non-Profit and Educational Organisations - Travel for humanitarian missions, conferences, and fund-raising events can be covered, while faculty and staff travel for research, collaborations, and academic conferences will also be protected against the involved risks.
Government Employees - Travel for international relations, negotiations, and conferences, as well as travel for assignments, training, and official visits can all make business travel cover necessary.
Healthcare Professionals - Travel for medical conferences, training, collaborative research projects, and providing expertise and services at different locations makes business travel protection a helpful addition in managing risk.
Media and Entertainment Industry - Journalists and reporters often travel to cover stories, interviews and events, opening themselves up to the risks associated with business travel, which can be managed using insurance.
What does business travel insurance cover?
Typically a policy covers medical expenses, emergency evacuation, trip cancellation or interruption, lose or delayed baggage, travel delays, personal liability, and accidental death. Some policies also offer coverage for business equipment and other specialised needs. The extent to which each of these are covered will vary from policy to policy, so it’s important for you to compare these when trying to find the policy for you. In order to do this, consider which risks you are most likely to face in your industry while travelling for business.
How is business travel insurance different to a standard travel insurance policy?
Business travel insurance is tailored to meet the specific needs of business travellers, often including coverage for business-related risks such as lost laptops, coverage for key personnel, and higher limits on certain types of coverage. It may also offer more comprehensive emergency assistance services. The risks you face while travelling for business can vary greatly from those you may face on a typical trip or holiday. By choosing the policy that best matches the requirements of your business and industry, you can have peace of mind that should anything go wrong, you will be covered.
How do I choose the right business travel insurance policy?
There are several important considerations to make when selecting the right coverage. The frequency of travel is one of the driving factors behind the right business travel insurance policy, while the nature of you work must also be considered, particularly if obscure or potentially dangerous. Some destinations will not be covered by particular insurers, so it’s vital to find one that does.
Compare the cover limits between insurers can contain different policy limits, which must be considered. It is vital to understand the exclusions applied to your Business Travel Insurance policy, so as to understand exactly what you are covered for in the event of a claim. Finally, premiums need to be considered in conjunction with these to find the best value policy that can meet all of your requirements.
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