These days, you can take out an insurance policy on everything from your left leg to your labradoodle, but that doesn’t mean you need to. So when it comes to buying insurance for business trips, it may sound like just another silly expense — but don’t turn your nose up just yet.

Sure, as a small business CEO, your financial decisions have farther-reaching implications than they would if you ran a big-wig business. But some of the perks of a travel insurance policy may be worth the extra cost.

Consider, for example, these all-too-common scenarios:

1. You’re heading home with a meeting hangover

Tired doesn’t even begin to describe it, but the weather gods don’t seem to care.…