Business Travel Insurance
If business trips form a key part of your work, you ought to make ensure you have the appropriate travel insurance in place.
Business travel insurance will not only cover cancellation and medical expenses but also essentials like your laptop and product samples that may need to travel with.
When we travel, it’s important to make sure we have the right level of insurance so that if things go wrong, we’re covered. You may buy your personal cover on an annual basis so that you and your family are covered whenever you travel. But that type of policy may not necessarily be appropriate for business trips.
Business travel insurance covers you when you travel as part of your work. It can cover your equipment, products, samples, and can even pay for someone else to come out and replace you if you become ill or your trip has to be cut short.
Having business travel insurance cover is not a legal requirement, but you could end up having to pay significant costs if you don’t have it.
Personal travel insurance should cover things like flight cancellations and medical expenses but it won’t cover the cost of replacing a business laptop or other business equipment if they are damaged or lost.
Some personal policies may not cover you at all if the purpose of your trip is business so make sure you check before you travel.
Business travel insurance covers the same things that a personal policy does including emergency medical expenses (excepting pre-existing medical conditions), personal possessions and money, and travel documents. In addition, this type of insurance policy can cover:
Items such as laptops, mobile phones or tablets, exhibition stands, office supplies, and other business equipment can be covered if it is damaged, lost, or stolen. If any of your business equipment is misdirected or delayed in transit, you can get a business travel insurance policy that covers the cost of replacement hire so you can carry out your meetings or presentations.
Business cheques, money, pre-paid electronic money cards, and non-refundable pre-booked event or entertainment tickets can all be covered as part of a business travel insurance policy.
If you’re taking product samples or merchandise to conferences, meetings or trade shows, these can be covered as part of your business travel insurance.
If your event is cancelled, accommodation and flights can be covered so that you are reimbursed the cost of any replacement business trip. Some business travel insurance cover will include this type of loss if you have to cancel an event as well.
Some types of insurance policy will cover the cost of a colleague travelling to replace you to attend a meeting or conference if you have to cut short or cancel your trip.
Todd & Cue are experts when it comes to finding the right insurance policy for you. If your people are on the move a lot, we can find specialist business travel insurance that has you covered.
Get in touch with our client-focused team today to arrange a bespoke policy that meets your needs exactly.