Business travel can be exciting, but it can also be unpredictable, especially when you are travelling far for an extended period of time. You may come across unprecedented events, such as illnesses, panic situation, flight cancellations, lost or stolen luggage, loss of documents, unrest in destination, and more. That is the reason we have come up with this article that discusses the benefits of travel insurance and its role in safeguarding you. Benefits of travel insurance are widespread, and they are listed below.
- Medical Emergencies
Why do you need a travel insurance at the first place? Medical emergencies are one of the top reasons of availing the benefits of travel insurance, because they can occur anytime and anywhere, and it can be more threatening while you are on your business trip.
Most likely you will end up paying hefty medical bills out of your pocket if you do not have a travel insurance. With business travel insurance, you will be safe and covered for medical emergencies, including hospitalization, surgery, and emergency medical evacuation. For other cases, apart from hospitalization, you need to submit required bills.
- Trip Cancellation
Few travel insurance companies have a policy of covering trip cancellations which may happen due to various reasons like sudden illness, family situations and others. In such cases your travel insurance can help you get reimbursements or adjustments whichever is best offered by the travel insurance company.
- Trip Interruption
Sometimes, your business trip could be disrupted due to unexpected events such as family emergencies, natural disasters, destination unrest or political emergencies. With a proper travel insurance, you can be reimbursed for the unused portion of your trip, including flights and accommodation.
- Lost or Stolen Luggage / Documents
If you loose your luggage or get it stolen then can be frightening, especially when you are on a business trip. With travel insurance, you have a good chance of getting reimbursements for the loss of checked-in baggage, delay in checked-in baggage including loss of passport and other valuables.
- Flight Delays / Cancellations / Missed connection
Flight delays or cancellations can cause a major trouble to your business trip. You will never reach your destination on time resulting to missing your important meeting, event or activity. Top of it all, you will have to reschedule your trip, incurring additional expenses. Also you can miss your connecting flight due to delay or slow traffic movement. You can avoid these additional expenses with a travel insurance, which will reimburse the crucial expenses such as meals, accommodation, and transportation when your flight is delayed or cancelled.
- Emergency Assistance
This is one of the key benefits of travel insurance. When you are on a business trip, you may encounter unexpected situations that require emergency assistance, such as lost or stolen documents, legal guidance, or medical referrals. Travel insurance will always provide better assistance to you in this case.
- Equipment Coverage
In your business travel you will certainly need to carry valuable gadgets such as laptops, cameras, smartphones and sometimes other electronic equipment. You need to add top ups to your travel insurance for covering the loss or theft of your business equipment, and you will have peace of mind knowing that you can get back to work as soon as possible. Hence equipment coverage is one of the key points that you need to check in your coverages of travel insurance.
- Liability Protection
It is quite likely that you set off for a business trip and you experience a home burglary when you come back. It is not possible every time to keep your house guarded while you are on your business trip or family holidays. So, travel insurance plays a major role into it and covers such situations through various steps. Your travel management company is the best guide in this case.
- Peace of Mind
You can leave your worry to your travel insurance partner and make your business trip seamless and successful. If you are covered then you will not be worried with unexpected events, disruptions or loss and damage. With travel insurance, you can dedicate your focus on work, meetings, business acquisitions, and explore new markets, knowing that you are protected.
In conclusion, benefits of business travel can be exciting and rewarding, but it can also be unpredictable. That’s why staying protected with business travel insurance is extremely essential. With travel insurance, you can be covered for medical emergencies, trip cancellations, lost or stolen luggage, flight delays or cancellations, rental car accidents, emergency assistance, business equipment coverage, personal liability, and have peace of mind. In post pandemic situations, insurance is one of the mandatory documents for travelling in few of the international destinations.
At Lufthansa City Center Travels & Rentals we have been taking care of travel documents since decades and assisting our customers with emergency travel support through our 24X7 call center emergency travel services. From tour planning to reporting we take of every step so that your travel remains seamless and stress free. Click here for our travel planning process.