Travelex Ultimate Insurance Travelex Insurance Services
Cancel for Business Reasons is available as an optional rider with the Travelex Ultimate Plan. This upgrade provides coverage if you need to cancel your trip due to unforeseen work-related events.
Coverage: Up to 100% of the insured trip cost, with a maximum pay-out of $10,000.
Eligibility & Purchase Requirements: The Cancel for Business Reasons upgrade must be purchased
- Within 21 days of the initial trip deposit. At the time of the initial plan purchase.
- The upgrade must be purchased at least 31 days or more before your scheduled departure date.
Covered Events: If the Cancel for Business Reasons benefit is purchased, the following events are covered under both Pre-Departure Trip Cancellation Benefits and Post-Departure Trip Interruption Benefits:
1. Revoked Time Off: If the insured is required to work during the covered trip, due to the revocation of previously approved time off. A notarized written statement from a company officer or HR department will be required as proof.
2. Workplace Disruption: If the insured's place of employment is rendered unsuitable for business due to events such as burglary, fire, flood, volcano, earthquake, hurricane, or other natural disasters, and the insured is required to work as a result.
3. Merger or Acquisition: If the insured is directly involved in the merger or acquisition of their employer by another company, requiring them to change or cancel travel plans.