Asteroid Editorial Team
The company sends you to the conference in Chicago. It books your flight and hotel. The corporate travel insurance — if it exists — was bought by the procurement department optimizing for cost, not coverage.
You find out what they bought when you need to use it.
The Gap Between "The Company Has Insurance" and "You Are Covered"
Corporate procurement departments negotiate travel insurance in volume. The main criterion is cost per trip. US$50,000 in medical coverage, no specialized TPA, a reimbursement model — that is the standard for many volume-bought corporate policies.
For the frequent business traveler who goes to New York 8 times a year: that is not adequate coverage.
Before your next corporate trip, find out:
- What is the medical coverage limit of the company's insurance?
- Who is the TPA? (who handles the emergency, not who sold the policy)
- Is the model reimbursement or direct payment?
- Is there 24/7 support in your language?
Corporate Travelers Have a Different Risk Profile
Executives who travel frequently tend to be older (40+), have a higher incidence of pre-existing conditions (hypertension, diabetes, cardiac history), and travel on tight schedules that raise stress. The risk profile for a cardiac or vascular emergency is higher than for young tourists.
Standard corporate insurance rarely reflects that.
Laptops, Equipment, and Business Interruption
Beyond health, business travelers have specific exposures:
- Equipment: laptop, camera, technical gear — standard coverage is generic and may be insufficient
- Cancellation for business reasons: a meeting canceled by the client, force majeure preventing the trip — covered in some premium plans
- Trip interruption: illness that forces an early return and a new ticket — covered in most plans
Annual Multi-Trip: The Right Product for Frequent Travelers
For executives with 6+ international trips a year, the annual multi-trip plan is more economical and practical: one policy, continuous coverage, no need to buy insurance for every trip.
Watch the per-trip limits (usually 30-60 days per departure) and the coverage for high-risk destinations.
LAUNCHPAD for Corporate Travel Managers
Companies managing travel for multiple executives can use Asteroid's LAUNCHPAD as a corporate tool: a white-label portal, real-time visibility into who is traveling and with what coverage, claims reports, and commission for the partner travel agency.
MDabroad and Corporate Travel
MDabroad has a track record with high-complexity corporate clients — including mining and oil companies and diplomatic groups. Emergencies in remote destinations, worksite evacuations, and coordination with HR teams are part of the standard operation.
Coverage for the USA and Europe
USA: USD 250,000 minimum. Executives in New York, Chicago, Miami and Los Angeles are surrounded by the most expensive hospitals in the world. A heart attack during a business meeting in Midtown Manhattan can cost USD 150,000-300,000.
Europe: USD 100,000 minimum. Hospitals in Frankfurt, Paris and London are world-class — and expensive for non-residents.
FAQ
Is the company's corporate insurance enough? Check: what is the medical coverage limit? Who is the TPA? Is it reimbursement or direct payment? If you do not know the answers, do not count on it being enough.
Can I carry personal insurance on top of the corporate policy? Yes — and it can be complementary. Some executives keep a personal plan with coverage above the corporate policy to guarantee the level of care they need.
Does travel insurance cover work-stress-related illness? In general, it covers medical emergencies regardless of cause — heart attack, stroke, severe anxiety crises in premium plans. What matters is that it is an emergency during the trip.
Get an Asteroid quote for business travel · Travel insurance for the USA · LAUNCHPAD for brokers and agencies