Traveling Abroad? Don’t Forget to Pack Your Insurance
September 16, 2014
Whether you’re hitting the road, hopping a plane or taking a cruise for business, you’re spending some time away from the office to accomplish the work at hand. But what happens if your trip is interrupted by inclement weather, unforeseen events in the destination country or an unexpected illness? Travel insurance and specialty medical coverage can give you peace of mind from the moment you leave town and ensure your business stays on track.
There are two broad types of travel-related coverage for those leaving the United States. The first type of travel insurance covers the loss of the prepaid travel costs of a trip such as flights and hotel bookings should the event be canceled, interrupted or postponed. This coverage can also reimburse unexpected expenses caused by a sudden change in plans due to illness, unrest in the destination country or other causes.
The second type of coverage for those overseas business meetings includes specialty medical coverage that can protect against personal insurance risks if you fall ill or are injured outside of the United States. Be sure to check your personal medical insurance to see if it covers out-of-country travel. As the majority of health insurance policies do not, it’s recommended to purchase short-term coverage in the event of illness or injury.
Trip interruption insurance is another option. It can provide reimbursement for extra food and lodging costs if, for whatever reason, your business plans are delayed. Some plans cover medical costs. Trip delay insurance covers expenses a traveler incurs in resuming a planned trip or returning home after being quarantined in another country. For example, if your next business venture takes you to the recently Ebola affected areas of Africa, this type of insurance is a must-have.
It is important to carefully review any policy before making a purchase. Many travel insurance policies exclude medical coverage for pre-existing conditions. Some also exclude acts of war or terrorism, while others are willing to cover those risks.
Whatever your business travel plans may be, knowledgeable, independent insurance agents at Brooks, Todd & McNeil are always available to answer any questions you may have. These experienced agents are able to locate you a number of policy quotes from a variety of providers, ensuring the package you purchase offers the best coverage at the most competitive rates. Contact us to assist you in protecting your next business trip.