If your business includes frequent trips, whether it’s a short trip inside the country or travelling abroad, it would be very reasonable to provide adequate business travel insurance for your employees and for the business itself. To choose the policy providing coverage for all probable issues or at least for most of them, you should first of all analyze what kinds of business trips you and your employees usually make.
When choosing a travel insurance policy, take into consideration, to what kind of locations your employees most often travel. For instance, if your company provides some kind of environmental consulting or similar services, your employees need to visit factories for performing field surveys. In this case you need a specific insurance line providing coverage for hazardous material exposure. If your employees’ trips include visiting construction sites, think about travel insurance involving hazardous conditions coverage. Coverage for stolen or lost baggage would be especially recommended for legal consultants, whose baggage can contain confidential documents. In any event, the chosen travel insurance line must cover most probable risks related to your employees’ job.
The choice of an insurance line depends also on the preferred means of transportation. Do your employees travel mostly by air? Or do they prefer to travel by car? In the former case insurance must cover delayed or cancelled flights, damaged or lost luggage, as well as other damages, related to travelling by air. In case if your employees more often travel by auto, especially in areas with difficult driving conditions (for example, in the mountains or in the urban area with heavy traffic), coverage for death or dismemberment in a road accident should be provided. Coverage for assistance in case of any roadside emergency can also prove to be very useful. Using rented cars brings additional problems – your insurance policy in this case should, for example, provide coverage for missing flight because of unexpected vehicle breakdown.