Business travel insurance - International health insurance for business trips abroad

The world is growing together a little more every day. Global data flows, international trade, meetings all over the world - for many companies and business people, global business is a daily reality. But while companies take precautions against many risks, such as currency fluctuations or political changes, one important element often goes unnoticed.

Employees who visit suppliers, attend meetings or carry out assembly work abroad are often inadequately covered. This is why business travel insurance exists, which can cover many risks not covered by a normal international health insurance policy for employees moving around the international arena. There are now many variations of such business travel insurance available, so it is important to compare costs and benefits carefully. Insurance cover for employees deployed abroad is offered by numerous, reputable insurance companies.

The business travel insurance is valid worldwide and as an annual health insurance for any number of trips especially suitable for stays abroad over a longer period of time.

In general, it is of course worthwhile to compare the different offers with each other, as the scope of benefits can differ from one insurer to another. Especially in unfamiliar regions abroad, the risk of illness or accident increases, so that a business travel insurance is a sensible coverage in any case. If unexpected illnesses occur, this can put a heavy strain on the company's finances and possibly even jeopardize the contract with which the employee left.

In addition, insurance for travel abroad is a strong argument in the job market. Taking out business travel insurance shows existing and new employees that the company cares about their well-being and promotes the willingness to accept assignments abroad.

When comparing the various offers for business travel insurance , some price differences can be noticed. These are often due to different policy terms, which can range from a few weeks to several months. Companies can therefore make a choice here according to the expected duration of the employees' stay abroad.

Other factors that can make a difference in the price of business travel insurance are, for example, increased risks due to the employees' professional area of assignment or additionally selected modules. Conversely, companies with several employees on international assignments may be able to obtain a discount from the insurer. Overall, however, it can be assumed that the cost of business travel insurance is only a fraction of the costs that would be incurred by the company and the employee concerned in the event of an emergency.

Why is statutory health and accident insurance not sufficient?

Although the statutory insurances offer a certain basic protection in some countries, this usually does not cover all costs incurred. If a business traveller falls ill abroad or has to be treated for an accident, high costs therefore often arise, for which the patient must initially pay himself and subsequently there is often only a partial reimbursement of costs. In addition, the statutory insurances do not offer any protection outside the EU. The statutory accident insurance only covers damages that occur during professional activities. If the employee has an accident abroad during his free time, he is not covered by accident insurance.