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:
Business equipment 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 Money
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.
Product samples and merchandise
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.
Cancellation cover
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.
Bringing in a replacement colleague
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.