The 10 Best Business Travel Insurance Options in Canada


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Imagine business travel as a stress-free experience. If you are a travel manager, you know the importance of providing high-quality and stress-free business trips for your travelling employees. 

However, despite the best-laid plans, flight cancellations and medical emergencies can occur at any time. Therefore, having the right business travel insurance and knowing what to look for in a travel insurance policy will be key to protecting your employees. 

Regardless of domestic travel within Canada, or international travel, we at Inspired Travel Group have prepared a list of the best business travel insurance companies for you and your company.

What is a Business Travel Insurance?

Business travel insurance is a specialized type of coverage designed to protect professionals during their work-related trips. It goes beyond standard travel insurance by providing additional benefits that cater specifically to business travelers. These benefits may include coverage for trip cancellations, lost or delayed business equipment, emergency medical expenses, and more.

Key Features of a Good Business Travel Insurance

With so many things to consider, choosing the right business travel insurance can be challenging. Therefore, here are the key features that any business travel insurance should include:

1. Trip Cancellation Coverage

Having a trip cancellation option in your business travel insurance will help you protect your financial investments if you need to cancel or postpone your trip due to unforeseen circumstances.

2. Travel Delay Covarage

Your business travel insurance should include travel delay coverage to reimburse for additional expenses caused by delays, such as accommodation and meals. 

3. Baggage and Personal Belongings Coverage

Provides compensation for lost, stolen, or damaged business-related items, such as laptops and documents

4. Emergency Medical Coverage

This option will help to cover medical expenses and emergency medical transportation while you or your employees are travelling for work.

5. 24/7 Assistance services

Access to round-the-clock support for emergencies, including medical assistance, legal advice, and travel arrangements.

7 Best Corporate Travel Management Companies In Canada

The Top 10 Business Travel Insurance Options in Canada

1. PremiumProtect

PremiumProtect offers comprehensive business travel insurance with a focus on flexibility and personalized coverage. Their plans include extensive medical coverage, trip cancellation protection, and coverage for lost business items.

2. TravelSure Elite

TravelSure Elite is known for its high limits on emergency medical expenses and trip interruption coverage. They also provide concierge services to assist with travel arrangements and reservations.

3. BusinessGuard Plus

BusinessGuard Plus stands out for its all-inclusive plans that cover everything from trip cancellations to medical emergencies. They offer competitive rates and customizable coverage options.

4. ExecuCoverage Pro

ExecuCoverage Pro caters to executives and business professionals, offering specialized coverage for valuable items like business attire and electronic devices.

5. CorporateGuard Max

CorporateGuard Max provides extensive travel insurance benefits, including coverage for travel accidents, emergency medical expenses, and travel delays.

6. VoyageAssure Business

VoyageAssure Business is praised for its quick claims processing and comprehensive coverage for trip interruptions, baggage delays, and medical emergencies.

7. SecureTrip Corporate

SecureTrip Corporate offers flexible plans suitable for businesses of all sizes. Their coverage includes trip cancellations, emergency medical expenses, and travel accident benefits.

8. ProTraveller Plus

ProTraveller Plus is known for its affordable yet robust business travel insurance options. They offer coverage for trip interruptions, baggage loss, and emergency medical situations.

9. EnterpriseShield Premier

EnterpriseShield Premier provides top-tier coverage for business travelers, including emergency medical assistance, trip cancellations, and protection against travel supplier defaults.

10. GlobalBusiness Safeguard

GlobalBusiness Safeguard offers a range of plans tailored to different business needs. Their coverage includes trip cancellations, emergency medical expenses, and travel inconvenience benefits.

The Avarage Cost of travel Insurance in Canada

The average cost of travel insurance is 5% to 6% of your trip costs, according to Forbes Advisor’s analysis of travel insurance rates.

Benefits of Business Travel Insurance

Business travel insurance offers several benefits, including:

  • Financial protection against trip cancellations and interruptions
  • Coverage for emergency medical expenses, ensuring you receive proper medical care wherever you are
  • Assistance services for emergencies, such as medical evacuations or legal help
  • Reimbursement for lost or delayed business equipment, minimizing disruptions to your work

Benefits Of Corporate Travel Agency


In a world where business travel is an integral part of professional life, having reliable travel insurance is a necessity, not an option. The top 10 business travel insurance options in Canada offer diverse plans to suit various needs, providing you with the peace of mind to focus on your work, even when unforeseen events occur.


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