POSTS TAGGED : travel insurance

What is Travel Insurance? Insights from Veronica Knapp

Veronica Knapp

TL;DR

  • Travel insurance covers unexpected losses while traveling, from minor delays to major medical emergencies and trip cancellations.
  • Costs typically range from 4–10% of a trip’s total price, making it a valuable safeguard for expensive travel.
  • Coverage varies by plan and may exclude certain items, pre-existing conditions, or specific causes of loss.
  • Travel insurance can be purchased through agents, brokers, airlines, cruise lines, and private insurers—often soon after booking travel.
  • Three main types exist: comprehensive, travel medical, and annual plans, each offering different levels of protection and flexibility.
  • Consulting a travel insurance agent helps ensure you understand plan benefits, limitations, and requirements before purchasing.
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Why All Small Business Owners Should at Least Consider Travel Insurance

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.

Businesswoman in a business trip

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.…

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