How to Find Cheap Business Travel Insurance

You need to make sure you have the right business travel insurance for where are you going, otherwise you will shoulder all costs incurred during accidents and emergencies. There are actually different policies for different business travellers. These include single-trip, annual, backpacker, worldwide and other specialty travel insurance policies. Here are some tips on finding the right business travel insurance.

1. When comparing business travel insurance online, do not just compare the prices also the benefits of the cover, exclusions and product features.

2. Have a period of cooling off which you are able to decide if the policy meets your business travelling needs. If it does not, you can cancel the policy for refund.

3. If you will have a business trip abroad on more than a single occasion, then it is practical to get an annual multi-trip business travel insurance policy than getting single travel insurance.

4. Multi-trips could also automatically cover those weekend business trips to other city. So when your business equipment was brought to the zoo and it gets eaten by a lion, it might still be insured! Check out insurance companies who offer business travel insurance if you travel for two nights or more.

5. Sometimes business travel agencies or tour operators will tell you that you if you avail of their business travel insurance you can also buy holiday packages from them, maybe as part of a promo. Take this only if the total cost will benefit your business. Because you might find that you are paying over the standard amount for the travel insurance, even if it is offered as ‘promo’. Margins on holidays are very tight nowadays and travel agencies make most profit from selling high cost ‘extras’ such as travel insurance.

6. Bring with you all the time the copy of your policy with the international helpline number for your business travel insurance company. Your wallet may not be a good place to keep this information, as it could get lost or stolen.

7. Look for a business travel insurance that has medical coverage if travelling abroad. However, it is always best that you are medically-insured and bring the policy with you. Be sure that you understand the medical coverage and if it covers ambulances.

8. Make sure that you get business travel insurance for your employees who need to travel abroad with their families.

9. Consider a travel insurance that covers car rental insurance.

10. Make sure to buy from an insurance company that specializes in business travel insurance.

Travel Insurance and What You Need to Know.

Travel insurance is insurance that is intended to cover medical expenses, financial default of travel suppliers, and other losses incurred while traveling, either within one’s own country, or internationally. Temporary travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a “multi-trip” policy can cover an unlimited number of trips within a set time frame. Coverage varies, and can be purchased to include higher risk items such as “winter sports”.

Would you like to add travel insurance to your purchase?

Here are 9 Reasons to buy travel insurance

1. Your flight has been cancelled.
2. Your bags are lost and your medication is in it. You need to have an emergency prescription filled.
3. Your passport and wallet are stolen, and you need emergency cash and a replacement passport.
4. You’re involved in an accident and adequate medical treatment is not available. You need medical evacuation.
5. You need to cancel your trip due to illness.
6. Your cruise line, airline or tour operator goes bankrupt. You need your non-refundable expenses covered and to get to your destination.
7. You have a medical emergency in a foreign country.
8. A terrorist incident occurs in the city where you’re planning to visit and you want to cancel your trip.
9. A hurricane forces you to evacuate your resort, hotel or cruise.

And the basics types of insurance:

1. Flight insurance
2. Trip Cancellation and Interruption insurance
3. Health Care insurance
4. Baggage insurance
5. Non-refundable insurance
6. Golf travel insurance
7. Adventure/extreme sports travel
8. Credit card coverage
9. Terrorism tips

You can purchase your travel insurance getaway any time you like, but if you wait until there is a hurricane alert to purchase it, you won’t have coverage for hurricanes. Of course, purchasing your travel insurance earlier rather than later is ideal because travel insurance only covers unexpected events.

Generally, travel insurance is sold in packages, combining various categories of coverage. Go through them all, determining what you need and what you don’t, either because you’re not at risk or you’re already covered. If a package doesn’t seem worth it, more customized policies offer certain options. But you may not end up saving that much.

It’s best to estimate the total trip cost and get the insurance protection you need and make changes to the policy if you incur higher-than-expected trip costs later. If you end up with lower trip costs, then you can make changes to the coverage and get a partial refund of your premium as well.