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Business Travel Insurance

Do your business growth plans depend on you and your employees regularly engaging in domestic and even international travel? If so, you should consider providing business travel insurance coverage as part of your benefits package. Employees who travel on behalf of your business are putting themselves at risk for the sake of the business, and, in general, employers are responsible for their employees while they are traveling and performing work-related activities. Having sufficient travel insurance in place shows that you value your most important business asset – your people, and provides important financial protection for your company.

Business travel is inherently stressful. You don’t want to worry about the considerable risks that are always lurking as part of the travel scenario, such as trip cancellations, missed flight connections, lost baggage, terrorism, weather disasters, and medical emergencies. Travel insurance can provide peace of mind knowing you have some financial protection should things go awry.

Type of Coverage

Travel insurance can include many specific types of coverage, and they fall under five main categories: Trip Cancellation or Interruption Insurance; Medical Insurance; Evacuation Insurance; Baggage and Personal Items Loss; and Life Insurance. Coverage can be primary, meaning it pays regardless of other insurance you carry, or secondary, meaning the travel policy covers costs not reimbursed by your primary insurance providers.

You can buy travel insurance to cover specific needs, such as medical emergencies, or trip interruptions. But more often, businesses buy comprehensive policies that include broad, primary coverage, which means your expenses will be taken care of regardless of your other insurance coverage, such as your health insurance or business liability insurance.

Travel policy prices can vary dramatically depending on the extent of coverage needed. Most comprehensive packages cost between five and 12 percent of the total trip cost. Age is also a factor. Rates go up for those over age 50.

The types of policies vary by state and not all insurance companies are licensed in every state. Note too that some types of travel coverage, particularly trip cancellation, may be reimbursed only – meaning, you’ll have to pay out of pocket and then submit paperwork and wait for your insurance company to pay off at a later date.

Protecting Your Employees

A comprehensive travel policy can be a valuable employee benefit and a good way to attract and retain top talent. It shows you care about the health and welfare of your trusted employees. It also protects your business from the potentially large financial losses that may occur if plans change or are interrupted, or if disaster strikes. Your business can pay for the coverage outright or the employee can purchase appropriate coverage on a per-trip basis and then get reimbursed by the company.

Do you want to go on a business trip without a doubt?

Travelwada Tourism Experts recommend InsureandGo.

The Travelwada team wishes you a pleasant trip!


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  • To cancel a reservation, follow these steps:

    1. Contact the booking platform: Reach out to the platform or website where you made the reservation. Look for their customer support or contact information. They will be able to guide you through the cancellation process.

    2. Provide necessary details: Be prepared to provide the booking reference number or any other identifying information related to your reservation. This will help the customer support representative locate your reservation quickly.

    3. Check the cancellation policy: Review the cancellation policy of your reservation. Some bookings may offer a full refund if canceled within a certain time frame, while others may have cancellation fees or non-refundable deposits. Understanding the policy will give you a better idea of any potential charges.

    4. Submit the cancellation request: Inform the customer support representative that you want to cancel your reservation. They will guide you through the necessary steps, which might involve filling out a cancellation form, sending a cancellation email, or providing your consent over the phone.

    5. Confirm the cancellation: After submitting the cancellation request, ask for confirmation. Ensure that you receive written or verbal confirmation of the cancellation, along with any refund details if applicable.

  • Remember to cancel your reservation well within the designated time frame to avoid any extra charges.

  • To pay for a reservation, please follow these steps:

    1. Login to your reservation account or access the booking platform you used to make the reservation.
    2. Find the "My Reservations" or "My Bookings" section. This is typically located in your account dashboard or profile.
    3. Locate the reservation you want to pay for and click on it to open the details page.
    4. Look for a "Pay Now" or "Make Payment" button/link and click on it.
    5. You will be directed to a secure payment page where you can select your preferred payment method.
    6. Enter your payment details, such as credit card information or other applicable payment options.
    7. Review the payment summary to ensure accuracy, including the booking details, the amount to be paid, and any additional charges.
    8. Once you are satisfied with the information, click on the "Submit" or "Pay Now" button to complete the payment.
    9. After successful payment, you will receive a confirmation of payment, either on the booking platform or through an email.
  • If you encounter any issues during the payment process, I recommend contacting customer support for assistance.