Professional travel has become an unavoidable part of the business world. With increasing globalisation, more and more professionals have to travel around the world. However, these trips entail risks that should not be overlooked. Having good travel insurance for professionals is therefore essential!
The risks associated with business travel
Business travel exposes you to a variety of unforeseen situations. Lost luggage, flight cancellations, health problems abroad - these are just some of the events that can disrupt a mission. According to a study by the World Tourism Organisation in 2022, almost 30% of travellers have encountered an incident during their trip. In addition, geopolitical tensions and health issues are adding further uncertainties. Without adequate travel insurance, these hazards can incur significant costs and impact the success of the mission. Travelling professionals may also be exposed to particular risks linked to their sector of activity or destination, such as high-risk environments or extreme weather conditions. So it's vital to take all these factors into account before you leave.
Why travel insurance is essential
A travel insurance provides cover for the unexpected and peace of mind when travelling. It provides assistance in the event of a problem, whether it involves medical care abroad or repatriation. In 2023, medical costs abroad rose by an average of 15%, making insurance even more necessary to avoid unexpected expenses. What's more, some destinations require proof of insurance before issuing an entry visa. Not having such cover can therefore prevent a professional from reaching his destination. Good insurance also protects the company by limiting the costs of unforeseen incidents and preserving its image in the event of a major problem.
The benefits of good cover for professionals
A comprehensive travel insurance policy provides protection against a wide range of risks. It can include cover for cancellations, lost documents or flight delays. To avoid losing your luggage, buy a Garbelle carry-on bag. It also provides access to a 24-hour assistance network, which is essential in an emergency. Companies that invest in good insurance for their employees on the move contribute to their safety and well-being. It can also improve employee satisfaction, knowing that they are protected during their missions. 65% of professionals consider good insurance cover to be an important factor in their choice of employer.
How to choose your travel insurance
It's important to check the cover offered, exclusions and reimbursement limits. Frequent destinations and planned activities should also be taken into account when travelling. 40% of professionals feel that their current insurance does not adequately cover their specific needs. It is therefore advisable to compare the offers available on the market and read the terms and conditions carefully. Some insurances offer special options for business trips, such as cover for business equipment or professional civil liability abroad. Using a specialist broker can also help you find the right insurance.
The latest trends in the travel insurance market
The travel insurance market is evolving to adapt to the new realities of business travel. Some insurance companies now offer digital services to make it easier to deal with claims. 60% of insurers offer mobile applications for reporting incidents or obtaining assistance in real time. What's more, the integration of artificial intelligence means we can offer personalised services and manage requests more quickly. Insurance companies are also beginning to take account of cybersecurity risks when travelling, a major issue with the increase in remote working and the use of digital tools on the move.
In view of the many risks associated with business travel, subscribing to suitable travel insurance is a necessity for companies and employees. Are you ready to make your business trips more secure so you can tackle your overseas assignments with peace of mind?
