Leading global business travel and expense management platform TravelPerk has launched new research revealing nearly half (44%) of business travellers have no official company-level travel insurance, with 24% relying on personal policies and 15% on credit card insurance – leaving many exposed to risks.
Whilst travel can be unpredictable, with research showing 78% of global business travellers faced travel disruption, employers are missing key areas to support employees on the road, according to the company. TravelPerk’s recent travel disruption survey revealed the types of travel disruption with 13% of travellers experiencing lost or delayed luggage, and 11% having health or medical emergencies. The lastest research launch uncovers the importance of insurance to employees, with travel insurance (37%) as the second most important thing their company can do to support work travel, surpassing extra time off at destination (30%) and healthy meals (24%).
To match this need, TravelPerk has launched its new medical and baggage insurance product for European business travellers booking return flights – protecting them as they travel across the globe. This new add-on offers a seamless, in-platform insurance experience powered by trusted provider battleface.
Jon Hoar, SVP Product at TravelPerk, said: “When we surveyed business travellers, nearly 30% had encountered medical issues during work travel that were not covered by their policy and 39% reported being unprotected for lost luggage. This new offering is our solution so they are covered for any eventuality – simple, reliable protection built directly into our platform, ensuring our customers can travel with confidence.”
Designed with ease-of-use in mind, users can easily purchase coverage and access full policy documentation via the TravelPerk Platform.
Sasha Gainullin, CEO of battleface, commented: “This partnership ensures that high-quality travel insurance is no longer an afterthought. By embedding our coverage and 24/7 global support directly into TravelPerk’s platform, we’re delivering seamless, tech-enabled protection that gives travel admins and employers confidence their teams are covered – wherever work takes them.”
