- The best business travel insurance plans
- What Is Business Travel Insurance?
- What is the price of business travel insurance?
- What does business travel insurance cover?
- The Conditions of Business Travel Insurance
- Why take out business travel insurance?
- How to choose the right business travel insurance
- Do your current insurance policies cover business travel?
- FAQ
business travel insurance: key takeaways
1. Definition: Business travel insurance protects professionals against work-related risks like medical emergencies and lost business equipment.
2. Price: A one-week business trip to Europe can cost between ₱8,000 and ₱15,000 for comprehensive coverage.
3. Coverage: It typically covers medical emergencies and lost equipment, but excludes pre-existing conditions and normal business risks.
4. Bank cards and health insurances: Bank cards and HMOs like Maxicare offer limited overseas coverage, often excluding business-specific risks.
5. Tips: Verify policy limits match your business equipment's value and meet your destination's visa requirements.
6. Other useful info: Check with your employer first, as many Filipino companies offer corporate group travel insurance policies.
Why trust HelloSafe ?
HelloSafe is an international specialist in travel insurance comparison, advising over one million travelers every month. After analyzing 38 travel insurance policies available in the Philippines, our experts share here everything you need to know to choose the best business travel insurance.
The best business travel insurance plans
Here is a selection of the best business travel insurance plans available for residents of the Philippines in 2025. These policies are among the best for their high coverage limits, low deductibles and simplified terms, ensuring optimal protection for business trips abroad.
| Contract we recommend | Medical reimbursement | Deductible | Advantages |
|---|---|---|---|
| HelloTravel Premium | ₱260M | ₱3,000 | Extremely high medical coverage limit.Flexible claims submission.No premium increase for age under 60.Extended coverage for business equipment. |
| Cap Assistance 24/24 | ₱240M | ₱3,000 | 24/7 medical hotline.Covers medical expenses for COVID-19.Direct settlement to hospitals.Quick issue certificate for business visas. |
| Tourist Card | ₱120M | ₱3,000 | Immediate coverage from day one.Fast reissue for lost documents.Can be extended online.Equipment loss covered during business trips. |
| World Travel | ₱165M (USA/Canada), ₱70M (others) | ₱7,500 | High overall limits especially for North America.Support with embassy document loss.Includes third party liability.Reimbursement for additional accommodation due to quarantine. |
| Globe Partner | ₱70M | ₱3,000 | Cover for long work trips up to 12 months.No deductible for emergencies.Simple digital claims process.Broad business travel eligibility. |
| Globe Traveller | ₱120M | ₱3,000 | Valid for frequent business travelers.Premium unchanged after age 65.Coverage of scheduled meetings disruptions.24/7 support in English and Tagalog. |
The best business travel insurance for you depends on your specific needs. Use HelloSafe’s travel insurance comparison tool to find the plan that suits you best and subscribe directly online.
Compare the best travel insurance for freeI compareWhat Is Business Travel Insurance?
Business travel insurance is a specialized policy that protects Filipino professionals while traveling for work-related purposes.
It covers medical emergencies, trip cancellations, lost or stolen business equipment, document replacement, and business interruption during professional trips.
This type of insurance is designed for work travelers, offering higher coverage and specific benefits for business activities, equipment, and potential liability.
Business travel insurance differs from standard travel insurance by including protections tailored to work trips, such as business equipment and urgent business expenses.
Expert advice
Here are the situations where taking out business travel insurance is especially important if you live in the Philippines:
- When traveling with valuable business equipment like laptops or tools.
- For trips to countries with high medical costs like the USA.
- If a trip cancellation causes major financial or business loss.
- When you travel for business multiple times throughout the year.
- If your destination country requires insurance for a business visa.
- To cover personal liability for accidental damages or injuries abroad.
- For travel to regions with potential political or security instability.
What is the price of business travel insurance?
On average, business travel insurance costs between 4% and 8% of the total price of your trip.
| Trip | Trip cost | Indicative price per person |
|---|---|---|
| 3-day business meeting in Singapore | ₱30,000 | ₱1,200 to ₱2,400 |
| 1-week conference in Japan | ₱80,000 | ₱3,200 to ₱6,400 |
| 2-week international training in the United States | ₱250,000 | ₱10,000 to ₱20,000 |
| 1-month assignment in Europe | ₱300,000 | ₱12,000 to ₱24,000 |
These prices are provided as an indication and may vary depending on the type of plan chosen (standard or premium) and the specific conditions of each insurer.
The price of your business travel insurance depends on several factors:
- trip duration: the longer the stay, the higher the price.
- destination: countries with expensive healthcare, such as the United States or Japan, typically have higher premiums.
- traveller’s age: older travelers are usually charged higher rates.
- level of coverage: a premium plan with higher coverage limits costs more than a standard one.
- nature of activity: certain business activities, such as high-risk locations or specialized work, may increase the cost.
- equipment value: bringing valuable business equipment may also raise premiums.
- frequency of travel: frequent travelers may benefit from reduced rates with annual multi-trip policies.
What does business travel insurance cover?
Business travel insurance is a type of policy designed for Filipinos who travel abroad for work or professional assignments. It addresses risks related to health, lost equipment, business interruption, and urgent situations during work journeys.
| Covered guarantee | Definition | Expert advice |
|---|---|---|
| ✈️ Trip cancellation | Refunds prepaid work travel costs for last-minute cancellations due to covered reasons. | Choose at least ₱150,000 in coverage and a deductible no higher than ₱3,000. Work rescheduling, personal choice or unknown events are usually excluded. |
| 🧳 Baggage loss or theft | Covers loss or theft of business and personal luggage, including laptops. | Limit should be at least ₱100,000, deductible below ₱2,000. Items left unattended, normal wear and high-value electronics may not be covered. |
| 🖥️ Business equipment | Protects laptops, phones, and tools essential for your work trip. | ₱150,000+ recommended, deductible not above ₱3,000. Loss due to negligence, wear and tear, or forgotten items are typically excluded. |
| 🏥 Medical expenses abroad | Key guarantee. Pays for urgent medical care outside the Philippines. | At least ₱2,500,000 with a deductible under ₱4,000 is best. Routine care and pre-existing illnesses are excluded. |
| 🚑 Medical repatriation | Key guarantee. Evacuation to the Philippines for serious medical emergencies. | Coverage minimum ₱3,000,000, should be arranged by the insurer. Non-urgent repatriation and traveller’s refusal to be moved are not covered. |
| 🦷 Emergency dental care | Pays for urgent dental treatment needed during your business trip. | Opt for ₱20,000+ in benefits, with deductible no more than ₱1,000. Routine dental checks and elective treatments are not covered. |
| 💼 Business interruption | Reimburses additional business costs due to travel delays or emergencies. | At least ₱100,000, deductible maximum ₱2,000. Normal business risks and predictable delays are not included. |
| 🪪 Personal liability abroad | Covers accidental injury/damage caused to others during a business trip. | At least ₱2,000,000 coverage, max ₱5,000 deductible. Deliberate acts, damage to employer property or professional liability are excluded. |
| 📄 Document replacement | Pays for replacing lost or stolen business documents (contracts, passports, visas). | ₱50,000 minimum advised, deductible up to ₱1,500. Forgotten or expired documents, and those left at home, are not reimbursed. |
| 🕒 Missed connection | Reimburses costs if a missed flight impacts business schedules. | Go for a limit of ₱30,000+ and no deductible. Personal negligence and delays under 4 hours are excluded. |
Work rescheduling, personal choice or unknown events are usually excluded.
Items left unattended, normal wear and high-value electronics may not be covered.
Loss due to negligence, wear and tear, or forgotten items are typically excluded.
Routine care and pre-existing illnesses are excluded.
Non-urgent repatriation and traveller’s refusal to be moved are not covered.
Routine dental checks and elective treatments are not covered.
Normal business risks and predictable delays are not included.
Deliberate acts, damage to employer property or professional liability are excluded.
Forgotten or expired documents, and those left at home, are not reimbursed.
Personal negligence and delays under 4 hours are excluded.
Reimbursement limits vary depending on the insurer and the plan selected (eco, standard, premium). They must always be checked in the general terms and conditions.
To find the business travel insurance best suited to your needs and work requirements, easily compare plans on HelloSafe.
The Conditions of Business Travel Insurance
To make sure your business travel insurance applies during international or domestic work-related trips, certain requirements must be observed. Here are the main conditions for Filipino travelers:
- Timing of purchase: you must buy your business policy before leaving the Philippines, not after your trip has already started.
- Residency: you must be a resident of the Philippines at policy application and typically a regular employee or business owner.
- Purpose of travel: the journey must be primarily for business purposes such as meetings, conferences, or client work, not for leisure.
- Trip declaration: details of the business trip, including destination, dates, and employer or company, should be declared accurately at registration.
- Equipment coverage limits: protection for laptops, work devices, or documents is valid only if specified before departure and within policy limits.
- Incident reporting: you must inform your insurer as soon as possible in case of accident, medical emergency, theft, or business disruption.
- Record of expenses: you need to provide supporting documents such as receipts, police reports, or medical certificates when making a claim.
- Destination restrictions: travel to countries with official advisories, war zones, or embargoes may be excluded from coverage.
Watch out!
A common mistake is assuming your work laptop is covered by regular travel insurance. Business policies offer specific 'Business Equipment' protection. Without it, you could face huge replacement costs if your essential work tools are lost or stolen abroad. Always check for this specific coverage.
Why take out business travel insurance?
Unexpected medical issues and accidents during a business trip can lead to high financial losses and missed work opportunities, especially internationally.
Here are some examples of healthcare costs abroad:
| Type of treatment | Average cost | Covered by insurance |
|---|---|---|
| Foot sprain (X-ray and consultation) |
| Usually up to policy maximum, often 100% |
| Medical repatriation |
| 100% if deemed medically necessary and covered |
| Appendicitis surgery and hospitalization |
| Up to the maximum medical benefit on the policy |
| Stitches after a fall |
| Often 100%, subject to deductible |
| Emergency tooth extraction |
| Commonly partial or up to a specific sub-limit |
- Europe: ₱25,000
- North America: ₱45,000
- Asia: ₱15,000
- Europe: ₱1,200,000
- North America: ₱2,000,000
- Asia: ₱600,000
- Europe: ₱800,000
- North America: ₱1,500,000
- Asia: ₱400,000
- Europe: ₱18,000
- North America: ₱35,000
- Asia: ₱12,000
- Europe: ₱30,000
- North America: ₱55,000
- Asia: ₱18,000
Coverage varies greatly depending on the plan chosen (standard or premium) and the insurer. Refer to the general conditions and always compare with tools like HelloSafe.
Business travel insurance can also protect against many other risks such as: trip cancellation, lost or damaged business equipment, passport or document replacement, business interruption costs, personal liability abroad, and emergency assistance including teleconsultation or cash advances.
Good to know
Your local health card won't cover a ₱1.5M medical bill in the US. Business travel insurance protects you from crippling overseas medical expenses and lost equipment. A plan from an insurer like Chapka ensures your business trip doesn't turn into a financial disaster.
How to choose the right business travel insurance
Not all business travel insurance plans are alike: coverage limits, reimbursement conditions, and the range of services can differ a lot. Knowing which features to compare helps ensure Filipino professionals select policies that truly match their work-related needs.
| Criterion | Why it matters | Expert tip |
|---|---|---|
| 💶 Reimbursement limits | Business trips often require higher limits for medical or equipment expenses | Check the maximum coverage for both health and business property before choosing a policy. |
| 📉 Deductible | A high deductible means more out-of-pocket costs during claims | Opt for low or zero-deductible plans to keep unexpected business expenses under control. |
| 💼 Equipment coverage | Business travelers frequently carry laptops, phones, or project materials | Confirm your policy covers the true value of all electronics and business tools you may bring abroad. |
| 📋 Policy conditions | Work obligations mean changing travel plans is common | Look for flexible policies that allow extensions or adjustments if meetings are rescheduled or trips run late. |
| 👤 Traveller’s profile | Employee status or role can affect risk and needed protection | Clarify if the policy matches your professional role—manager, consultant, or sales, which may impact rates. |
| 📆 Trip duration | Work assignments can be unexpectedly long or involve back-to-back trips | Annual multi-trip business insurance can be more cost-effective for frequent or longer travels. |
| 🌍 Geographic area | Cover varies for ASEAN, Europe, or worldwide trips, with different risks | Match the insurance scope to where business travel most often takes you, including regional hotspots. |
| 🛡️ Existing employer coverage | Some Filipino companies offer standard or group insurance to frequent travelers | Check company-provided plans first so you do not duplicate coverage or miss employer-negotiated benefits. |
| 🖥️ Claim process and support | Fast reimbursement is crucial for unforeseen work disruptions or emergencies | Choose insurers with direct billing and a digital claims process for minimal interruption to work. |
Do your current insurance policies cover business travel?
It is legitimate to wonder if your current insurances like credit card insurances or public health system can offer you a business travel insurance, but unfortunately it is often not enough.
Here is a summary table to help you review your current insurance and what it covers.
| Type of insurance | business travel insurance included? | What it covers | Why Travel Insurance is better |
|---|---|---|---|
| Public health insurance (PhilHealth) | Never | Covers some emergency expenses locally, overseas medical is not included. Max limit: ₱50,000. Does not cover repatriation, personal liability, equipment, or trip cancellation for business. | Travel insurance provides up to ₱5,000,000 for accidents and covers repatriation, lost equipment, and trip interruption. |
| Private health insurance (Maxicare, Medicard) | Almost Never | Some emergency medical coverage overseas. Max limit: ₱500,000. Does not include professional liability, business equipment, missed flights, or document replacement for business travelers. | Travel insurance offers medical up to ₱5,000,000 and includes business equipment, business interruption, and liability. |
| Classic credit card (BPI Blue, RCBC Classic) | Never | May include basic accident protection. Medical abroad usually excluded. Limits up to ₱200,000. No coverage for business equipment, trip cancellation, document loss, or business delays. | Travel insurance includes up to ₱3,000,000 medical coverage, trip cancellation, business equipment, and document recovery. |
| Premium credit card (BPI Amore Platinum, Metrobank World Mastercard) | Limited coverage | Covers medical expenses up to ₱2,000,000, some trip interruption. Excludes business interruption, liability, full equipment coverage, or missed business connections. | Travel insurance extends up to ₱5,000,000, includes business interruption, missed connections, liability, and lost tools. |
Does not cover repatriation, personal liability, equipment, or trip cancellation for business.
Does not include professional liability, business equipment, missed flights, or document replacement for business travelers.
No coverage for business equipment, trip cancellation, document loss, or business delays.
Excludes business interruption, liability, full equipment coverage, or missed business connections.
Expert advice
Bank card and health insurance policies often exclude critical situations like trip interruption due to a relative’s illness. Read the conditions carefully to avoid unpleasant surprises abroad. In all cases, it is safer and more reassuring to subscribe to a dedicated travel insurance tailored to your trip.
FAQ
Is business travel insurance mandatory?
Business travel insurance is not legally mandatory for most countries, but some destinations—such as Schengen area countries and select international conferences—require insurance as part of visa or entry requirements. Even when not mandatory, it is strongly recommended, especially for business travelers carrying laptops, documents, or expensive equipment, as incidents like theft in hotels or airports can cause serious disruptions and financial loss.
When is it recommended to purchase business travel insurance?
It is best to purchase business travel insurance as soon as your travel dates and work arrangements are confirmed. Early purchase means you are protected against trip cancellations and unforeseen business disruptions even before departure. Having coverage in effect prior to your journey also ensures you meet any corporate policies or visa requirements for your trip.
How do I purchase business travel insurance?
Start by comparing available options using HelloSafe’s travel insurance comparison platform to identify the best coverage for your business needs. Carefully check guarantees and exclusions for business-specific risks such as equipment loss, business interruption, and document replacement. Once you have selected the right policy, purchase online and receive your certificate via email—essential for business visas and company compliance.
Can I purchase business travel insurance after booking my trip?
Yes, you can purchase business travel insurance after booking flights and accommodations, as long as it is done before departure. However, some benefits like trip cancellation may be limited if not secured immediately after booking. For full coverage, it’s advisable to arrange your insurance as soon as your travel details are set.
How do I make a claim on my business travel insurance?
Contact your insurer’s claims hotline or online portal as soon as you experience a claimable event, such as lost equipment or a medical emergency. Submit all required documents—receipts, police reports, or medical records—along with your policy details. Most reputable insurers in the Philippines now offer digital claims processing and can settle in PHP, making reimbursement smooth and efficient.
Does business travel insurance cover my company laptop and mobile phone?
Business travel insurance typically offers dedicated coverage for business equipment, including laptops, smartphones, and presentation devices, up to specified limits. Always check your policy to ensure your devices are covered, and be aware of exclusions for unattended items or pre-existing damage. Higher-tier business policies often provide broader protection for valuable work tools.
Is COVID-19 covered by business travel insurance?
Most business travel insurance plans issued today include COVID-19 coverage, such as medical treatment abroad, quarantine costs, and trip disruption resulting from infection or sudden border closures. It is crucial to review the policy’s COVID-19 clauses to understand coverage limits, documentation requirements, and any country-specific restrictions.
Is business travel insurance mandatory?
Business travel insurance is not legally mandatory for most countries, but some destinations—such as Schengen area countries and select international conferences—require insurance as part of visa or entry requirements. Even when not mandatory, it is strongly recommended, especially for business travelers carrying laptops, documents, or expensive equipment, as incidents like theft in hotels or airports can cause serious disruptions and financial loss.
When is it recommended to purchase business travel insurance?
It is best to purchase business travel insurance as soon as your travel dates and work arrangements are confirmed. Early purchase means you are protected against trip cancellations and unforeseen business disruptions even before departure. Having coverage in effect prior to your journey also ensures you meet any corporate policies or visa requirements for your trip.
How do I purchase business travel insurance?
Start by comparing available options using HelloSafe’s travel insurance comparison platform to identify the best coverage for your business needs. Carefully check guarantees and exclusions for business-specific risks such as equipment loss, business interruption, and document replacement. Once you have selected the right policy, purchase online and receive your certificate via email—essential for business visas and company compliance.
Can I purchase business travel insurance after booking my trip?
Yes, you can purchase business travel insurance after booking flights and accommodations, as long as it is done before departure. However, some benefits like trip cancellation may be limited if not secured immediately after booking. For full coverage, it’s advisable to arrange your insurance as soon as your travel details are set.
How do I make a claim on my business travel insurance?
Contact your insurer’s claims hotline or online portal as soon as you experience a claimable event, such as lost equipment or a medical emergency. Submit all required documents—receipts, police reports, or medical records—along with your policy details. Most reputable insurers in the Philippines now offer digital claims processing and can settle in PHP, making reimbursement smooth and efficient.
Does business travel insurance cover my company laptop and mobile phone?
Business travel insurance typically offers dedicated coverage for business equipment, including laptops, smartphones, and presentation devices, up to specified limits. Always check your policy to ensure your devices are covered, and be aware of exclusions for unattended items or pre-existing damage. Higher-tier business policies often provide broader protection for valuable work tools.
Is COVID-19 covered by business travel insurance?
Most business travel insurance plans issued today include COVID-19 coverage, such as medical treatment abroad, quarantine costs, and trip disruption resulting from infection or sudden border closures. It is crucial to review the policy’s COVID-19 clauses to understand coverage limits, documentation requirements, and any country-specific restrictions.
