We encourage insurance brokers and agents to share this article with their clients to help them decide if business travel insurance is a worthwhile investment. Business travel insurance – sometimes referred to as corporate travel policies – works just like personal travel coverage, protecting the policyholder from certain financial risks and losses they may encounter during their trips. For businesses that require frequent travels, purchasing a multi-trip travel insurance policy, also called annual travel insurance, may be more cost-effective. Depending on these factors, business travel insurance premiums may cost about 6% of the total travel costs. Purchase travel insurance as early as possible : Buying travel insurance immediately after booking the trip gives business travelers longer coverage.

Source: CBC News November 24, 2022 00:36 UTC