Business Travel Insurance

What is business travel insurance?

Business travel insurance is suited for any business-related trips. For example, if you worked in your company’s office in LA, but had a meeting with a client in New York, you should consider insuring your trip.

Travel insurance for business trips provides coverage for emergency medical expenses, delayed luggage, and more as well as additional benefits and upgrades that are suited for business-related trips. Such advantages include the Cancel For Work Reasons benefit, which is available on both Travel Select and as bonus coverage when a Travel Basic plan is purchased within 15 days of initial trip payment. If you’re required to stay and work, involved in a merger or your company is unsuitable for business from a natural disaster, this benefit enables you to cancel your travel arrangements and receive reimbursement for the trip costs.

Why would I need travel insurance for my business trips?

You may think your company's insurance policies will cover any travel, but this may not be the case. If you're not required to frequently travel, there’s a good chance your company does not have a travel insurance plan in place for you. Or, if you work for a smaller business, it’s possible your company does not provide any travel insurance option for employees required to travel.

Thankfully, Travelex’s Travel Select and Travel Basic plans are available for any individual wanting to protect their work trip. Both plans provide coverage for canceled or delayed flights, and lost or stolen valuables including work laptops or phones.

What are the benefits of having business travel insurance?

Some of the benefits of having travel insurance for an upcoming business trip include:

• If you have arranged a team-building trip for you and your team, you will all have access to the 24/7 travel assistance hotline should you require support while on your trip.
• You can be covered if any items such as your work phone or laptop are lost, damaged or stolen while traveling.
• You are able to receive coverage for both domestic as well as international business trips.
• If you need to rent a car while traveling, you can include the Car Rental Collision upgrade with the Travel Select and Travel Basic plans.
• If your flight is delayed and you are required to seek temporary accommodation or pay for food and transportation, you can make a claim for the cost.

Which Travelex travel insurance plan is best?

If you're planning on taking a business trip, the Travelex plan that will best suit your needs is the Travel Select plan. While both Travel Basic and Travel Select offer comprehensive travel benefits for business trips, Travel Select provides higher maximum coverage for events like interrupted, delayed or canceled trips as well as for lost or stolen items including cell phones and laptops.

The Travel Select Plan includes core travel insurance protection in addition to multiple benefits ideal for business trips. If your work trip needs to be canceled last minute, the Cancel For Work Reasons benefit can enable you to do so without losing all the money you paid for your trip. Also, in the event your baggage, passport, work laptop, phone or other personal items are stolen or damaged while you’re traveling, the Travel Select plan offers reimbursement up to a total of $1,000.

Additionally, there are several optional upgrades available with the Travel Select plan, which allow you to better customize your policy. For example, if you need to rent a car while on a business trip, Travelex’s Car Rental Collision upgrade provides coverage if your rental car is damaged or vandalized while in your possession.

With Travelex travel insurance, your work trip can take many different forms and still receive optimal protection.

How do I get a quote for my business trip?

If you have an upcoming business trip you’d like to receive protection for, you can get a free online quote today. Be sure to choose Travel Select as this plan is best suited for work trips.