Travel insurance is often pushed to the back of a business traveler’s mind. There are so many other details to keep track of, from confirmation numbers to meeting outlines. However, it’s important to protect yourself while traveling for work. Ask yourself these questions to determine if you should talk to your travel agent about business travel insurance.
Does the company you work for offer comprehensive business travel insurance? Some businesses carry coverage for all of their employees. In this case, your travels are likely insured by your employer’s plan.
Are you combining business and personal travel? Even if your business travel is covered under your employer’s plan, additional travel for personal reasons may not be. Purchasing a business travel insurance plan in your own name could provide coverage for your bleisure trip too.
Will you bring valuable belongings of your own? The company you work for is primarily concerned with their property. If you plan on bringing your own electronics or other valuables, make sure it’s covered.
Are you traveling outside your health insurance’s network?
Both domestic and international travels could take you outside your health insurance provider’s network. Out-of-network care, especially in emergency situations, is costly. Travel insurance covers many medical costs.
Is there a chance your plans will change? Business travel plans change for many reasons. Sometimes, this occurs when you’re just days away from your departure date! Travel insurance covers last minute changes, including cancellations.
Will you carry valuables owned by your employer? When you travel with corporate equipment, including phones, laptops or trade show materials, you are responsible for them. Many business travel insurance plans will not only cover the cost of these items, they will provide additional funds for a quick solution. That way, your meeting can go on, regardless of whether your tablet or suit went missing during your flight.
Is your itinerary tight? Business trip itineraries are designed to be efficient. However, this doesn’t leave much room for errors. Travel insurance can make it easier to reschedule a flight, rent a car or find a hotel room without worrying about additional costs.