Business persons who are traveling should make sure that they get adequate travel insurance when they travel on business. The Travel Industry Association of America recently reported that business travellers are taking approximately 5 work related trips per year. Business owners should make sure that they are and their employees are covered by a comprehensive travel insurance policy that will cover medical and evacuation expenses. Such costs could cripple an employee’s finances and he or she may look to the employer to cover these medical costs, especially if they are on company business.
1. What does it usually cover? Travel insurance coverage varies from insurer to insurer, but there are two major types: Travel Medical & Evacuation Insurance: This covers the medical emergency expenses while you are on your trip Trip Cancellation & Interruption: This vacation insurance is probably the most common type of travel insurance policy sold in […]
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