Should I compare business travel insurance quotes?
If you’re regularly working abroad, then it’s a good idea to purchase business travel insurance. This can give you cover in case your travel plans suffer from missed flights or to protect expensive equipment such as laptops and smartphones while you’re away on business.
There are two main types of business travel insurance:
- single trip travel insurance: if it’s a one-off business meeting
- annual travel insurance: if you travel regularly – or even just more than once a year – it could work out cheaper with this kind of policy.
If you’re employed by a large company, however, you could be covered by its own travel insurance, so check before you set off if you're not sure.
Following the UK’s most recent national restrictions, you can only travel internationally or within the UK if you're legally permitted to do so while the UK is under full lockdown restrictions.
Non-essential travel is not currently permitted within the UK before 12 April 2021 at the earliest and international travel is not currently permitted before 17 May 2021 at the earliest. Any insurance for travel before these dates is likely to be invalid. This means that, unfortunately, we’re unable to provide any new single trip price comparisons for UK policies with a start date prior to 12 April 2021 and any single trip comparisons for international policies with a start date prior to 17 May 2021.
You’re still able to purchase annual multi-trip policies, however, if you choose to travel against FCDO advice and current restrictions, you won’t be covered for your trip.
The Foreign, Commonwealth & Development Office (FCDO), currently advises British nationals against all but essential international travel. See latest FCDO advice for further information.
Any insurance policy purchased to cover a trip to a destination where the local authority, or the FCDO, has instructed citizens not to travel, will not be valid.
For more information, please see our coronavirus and travel insurance page.
Until then, stay safe.
Customers with more serious pre-existing medical conditions
Our panel includes insurance providers who quote cover for all medical conditions declared on our website, with no exclusions.
On its Money Advice Service website, The Money and Pensions Service (MaPs) has launched a directory of insurance providers who may be able to provide quotes over the phone, if you have more serious medical conditions. Find more information at the Money Advice Service or by calling the British Insurance Brokers’ Association on 0370 950 1790.
Why do I need business travel insurance?
If you’re on a business trip abroad, the last thing you want is the inconvenience - and cost - of dealing with a lost laptop or a cancelled flight.
That’s where business travel insurance can help. As well as offering cover typically included in a standard travel insurance policy, it offers additional cover aimed at people who travel for business purposes.
What does business travel insurance cover?
Business travel insurance could cover you, while working abroad, for all or some of the following:
- business equipment and personal belongings – this could include your laptop, tablet, computer and smartphone. All essential if you’re travelling on business.
- extra travel expenses - this may cover you if you miss any flights, either on your outward or homeward journey.
- replacement colleague cover – this could cover some or all of the expense if you’re unable to attend a particular event or an important meeting and a colleague has to be sent in your place.
- business money – you may need to take large sums of money with you if you’re travelling with business. This could cover you if it’s lost or stolen.
- cover for UK trips – not all of your business trips will be overseas. This could cover you should you encounter problems within the UK.
- sports equipment cover – business isn’t always all work and no play. This could include cover for golf clubs if you’re intending to tee off while you’re away.
Remember to check the policy details before you buy any business travel insurance, as cover levels may be different among insurance providers.
How much does business travel insurance cost?
There are many factors which can affect the cost of your business travel insurance:
- Activities – if you’ll be taking part in any sports or events that are deemed higher risk, this can raise your premium
- Length of your trip – the longer you’re travelling, the longer you’ll need cover, which will raise the cost of your insurance
- Where you’re going – if you’re travelling outside of Europe or to a destination that's deemed higher risk, then you can expect to pay more
- Your age – travel insurance tends to be cheaper for younger people.
Frequently asked questions
What else does business travel insurance cover?
Business travellers will also benefit from much of the cover included in a standard travel insurance policy. Such as:
- medical treatment abroad – typically this can include emergency medical treatment costs to cover hospital charges and ambulance fees. It could also cover the transport costs of returning home after medical treatment abroad if you can’t use your original ticket. Remember to tell your insurance provider about any pre-existing medical conditions you may have, as not doing so could affect any claims you make.
- cancellation and curtailment – this can offer cover if you have to cancel or cut short your trip.
- baggage and belongings – offers cover if your luggage or personal possessions are lost, damaged or stolen.
What type of business travel insurance do I need?
It depends on your business needs. If you’re regularly working abroad, you should consider a multi-trip travel insurance policy, which will provide you with cover for a whole year. If you’re travelling for the first time, or are only travelling once or twice a year, then you should perhaps just look at single-trip policies.
As well as your travel frequency, where you’re going is just as important. If your business only operates within Europe, you might save money by finding a policy that's limited to that continent. Be sure to check the list of countries covered, before agreeing, as some policies may exclude specific countries from their cover.
If you’re travelling around the world, then you can find a worldwide policy that will cover you, wherever you go. Again, it’s important to check the list of countries before you sign up, as some may still have restrictions. It’s not uncommon for some insurance providers to separate countries with high medical costs (such as the USA, Canada and Caribbean countries) to a separate type of policy. Just because it says worldwide, don’t presume that you’re covered everywhere.
Does business travel insurance have any exclusions?
Like many insurance policies, you’ll likely find that there are some exclusions. You can often pay extra to fill in these gaps, but you may want to consider checking some of the below, to make sure you’re covered.
- Personal valuables – while you’re work equipment may be covered, your personal belongings may not
- Pre-existing medical conditions – if you attempt to claim for an illness or injury that's a recurring issue, your insurance provider may reject your claim
- Irresponsible behaviour – if you injure yourself, or lose or have something stolen due to negligence or while intoxicated, you may void your claim
- Specified activities – if you’ll be taking part in extreme sports or other high-risk activities, you might not be covered.
Does business travel insurance cover a working holiday?
This can vary between providers and policy types. You may have thought, if you’re working from home anyway, why not start working abroad? Standard business travel insurance will cover you for a business trip, but working abroad (especially if you are doing so for longer than a month) can be slightly different. To make sure that you’re covered properly, read the policy wording carefully and compare providers to find the right cover for your needs. Depending on your plans and situation, you may need a more specialist policy.
Of course, if you’re planning on travelling to a destination against current FCDO advice in order to work from there, then your travel insurance will be voided.
How do I make a claim on my business travel policy?
Claims processes can vary from one insurance provider to the next. We recommend that you read your policy details carefully, before travelling, to avoid any unexpected trouble. As a general rule though, we advise the following.
Depending on what’s happened, you should report it to the relevant authority as soon as possible, preferably within 24 hours. If it’s a criminal case, then you should consult the local police and obtain a copy of their report.
You should then contact your insurance company, although this may not always be possible in the event of a medical emergency. You can then provide them with any crime reference numbers, or consult with them before receiving medical treatment, if possible.