Whether you're a businessman looking to insure himself for a work-related trip or a company looking to insure its employees for business travel, business or corporate travel insurance could be the insurance choice for you. Choosing this kind of speciality insurance offers benefits in both its tailor-made policy detail as well as cost. This page asks ? why choose corporate travel cover over a regular travel insurance policy?

Work equipment and tools

Corporate travel insurance covers the cost of any business equipment or tools that you have to take away with you - whether it be a Blackberry or a digital camera. You should note that any phone, computer etc that is your own property, is unlikely to be covered as standard in such a policy ? more often than not it must be company-owned. Another point to note here is that practically all business travel insurers will have a series of maximum compensation limits relating to such equipment ? say a maximum payout of ?600 to replace a laptop.

Cash

If your company has given you any company money as expenses, this cash will be covered by your policy. The most commonly misplaced or stolen thing on a business trip is money. Losing cash that doesn't belong to you can be a real headache! That is why business travel insurance covers just such situations as standard. You should be aware that any of your own hard-earned cash may not be covered as standard ? so it's worth checking your policy. Extra cover for personal money on top of the work money is typically included in the standard policy.

may mean that the amount paid out by your insurer does not cover the entire cost of your colleague being flown out to replace you.

Delayed business equipment

This handy cover feature insures you against the cost of hiring new equipment in the country you are visiting should any of your own equipment become lost, damaged or stolen. An added bonus not found in your standard travel insurance policy is that you will also be covered for equipment that has been lost or delayed in transit.

Personal accident cover

Most corporate travel insurance will cover you for personal accidents. You should also look out for insurers offering higher rates of cover to those who have taken out their business travel option on top of their standard travel insurance package ? these insurers typically offer you double the standard amount of cover.