Business Travel Accident Insurance Explained

Business travel accident insurance is typically purchased by an employer to cover risks while employees are traveling on business. It is similar to workers' compensation insurance except it covers any unforeseen incidents that occur outside of the actual workplace during the course of a business trip. Business travel accident insurance may cover:

  • occupational hazards similar to on-the-job coverage
  • owned aircraft coverage for corporate aircraft travel Theft or cyber liability in the case of lost company information
  • kidnap and ransom for high-level executives
  • delayed or damaged baggage coverage in case valuable information does not make the trip

Unlike other lines of travel insurance, business travel accident insurance is rarely purchased by an individual. It is likely part of a larger risk-management program from an employer looking to reduce loss through an insurance program. Ask your employer what is covered in their policy before your next business trip.


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