Business Travel Insurance
Choose a Worry-Free Business Trip!
Whether you frequently travel around the world for work or occasionally have an important appointment abroad, business trips come with risks like cancellations, accidents, medical emergencies, or lost documents and luggage.
In such situations, a business travel insurance policy offers essential protection against unexpected costs, allowing you to travel with peace of mind. Request a free consultation today and explore the possibilities!
What is Business Travel Insurance?
Business travel insurance is crucial for anyone traveling abroad for work. Whether you’re attending a trade show, conference, or business meeting, this insurance provides solid protection against unexpected costs, such as medical assistance, cancellations, lost luggage, and legal assistance.
While business travel insurance is primarily intended for international trips, some insurers also offer coverage for domestic travel within the Netherlands, for example, for long business trips or meetings. Therefore, it’s wise to always check the terms to see if you’re also covered within the Netherlands.
You can choose this insurance as an annual policy or as a short-term travel insurance policy. This way, you and your team are always well-insured, wherever you go.
What does Business Travel Insurance cover?
A business travel insurance policy typically covers:
- Medical expenses
- Assistance in case of illness, accident, or death
- Repatriation in the event of serious illness or death
- Damage to or loss/theft of luggage
- Damage to rented accommodations
- Legal assistance abroad
- Accidents during the trip
- Coverage during departure and return to the Netherlands
- Damage caused by uprising or civil war up to seven days after the outbreak
- Traveling partner
Are There Any Additional Coverages Available?
Yes, there are several additional coverages available, such as:
- Coverage for accompanying partners or family members
- Extra coverage for valuable equipment
- Extended accident insurance
- Coverage for damage from extreme sports or dangerous activities
- Cancellation insurance
- Theft of money and checks
- Worldwide coverage instead of Europe-only coverage
Examples of Covered Damages Under a Business Travel Insurance:
Example 1: Traffic Accident Abroad
A manager of a solar energy company is involved in a traffic accident abroad and requires emergency surgery. The medical costs are covered by the insurance.
Example 2: Loss of Laptop
A consultant loses their laptop during a business trip abroad. The replacement costs are covered by the insurance.
Example 3: Cancellation Due to Political Unrest
Due to political unrest in a country, a project visit must be cancelled. The cancellation costs for travel and accommodation are reimbursed.
Why Business Travel Insurance?
A Business travel insurance is indispensable for work-related travel, as standard travel insurance does not usually cover business activities, such as meetings, conferences or trade shows. This insurance provides tailor-made cover for specific risks, such as business liability, loss of documents or equipment, and medical expenses arising from work-related activities.
In addition, private trips are co-insured, ideal for entrepreneurs for whom work and private life often overlap. So you are well protected throughout your trip.
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Frequently Asked Questions
Yes, most business travel insurance policies provide coverage from the moment you and your luggage leave your home or workplace until you return. This means that private outings during your business trip are usually covered as well. However, it’s advisable to check the policy terms to ensure you’re covered for these situations.
That depends on the insurer. Business travel insurance policies often do not have a deductible.
You can take out this insurance for owners, directors, and employees. Additionally, up to one accompanying person, such as a partner, is also insured.
No, business travel insurance is not legally required, but many companies choose to take it out because of the extensive coverage and security it offers.
