Worried about finding appropriate insurance coverage for your frequent international business trips? You’re not alone. Many business travelers struggle to find policies that address their unique needs, from equipment protection to flexible scheduling.
The Allianz AllTrips Executive plan stands out as a specialized annual travel insurance solution designed specifically for frequent business travelers.
It offers enhanced coverage for business equipment, higher emergency medical limits, and robust trip protection benefits – all packaged in a convenient annual policy that eliminates the need to purchase separate insurance for each journey.
In this article...
Coverage Details
The AllTrips Executive plan provides comprehensive year-round protection:
• Trip Cancellation: Up to $5,000 per year for all covered trips combined.
• Trip Interruption: Up to $5,000 per year for all covered trips combined.
• Emergency Medical: $50,000 per covered illness or injury.
• Emergency Medical Transportation: $250,000 per insured person per year.
• Business Equipment Coverage: $1,000 for loss, damage, or theft of business equipment.
• Business Equipment Rental: $1,000 for essential business equipment rental if yours is lost, damaged, or delayed.
• Baggage Loss/Damage: $2,000 per person.
• Baggage Delay: $500 per person.
• Travel Delay: $1,500 ($300 per day) for covered delays.
• Rental Car Damage: Optional coverage up to $45,000 (not available in all states).
• 24-Hour Hotline Assistance: Access to Allianz’s global assistance network.
• Concierge Services: Premium assistance for restaurant reservations, event tickets, and other travel arrangements.
Personal Note
💡 Last year, I worked with a technology consultant who travels internationally at least once a month. When his laptop was stolen from his hotel room in Singapore, he was particularly impressed with how smoothly Allianz handled the claim.
Not only did they reimburse him quickly for the stolen equipment, but they also covered the rental costs for temporary equipment so he could complete his client meetings. The business equipment coverage made a measurable difference in minimizing disruption to his work.
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Plan Highlights
• Business-Focused Protection: Specifically enhanced to address the needs of business travelers with dedicated business equipment coverage.
• Higher Trip Cancellation Limits: $5,000 annual limit provides stronger protection for business and leisure trips.
• Premium Medical Coverage: $50,000 emergency medical benefit suitable for international business destinations.
• Equipment Rental Benefit: Uniquely covers the cost of renting replacement business equipment if yours is lost, damaged, or delayed.
• Concierge Benefits: Assistance with business-related services like restaurant reservations for client meetings and translation services.
• No Trip Duration Limits: Unlike some competitors that cap coverage at 30-45 days per trip.
• Family Coverage Option: Can include spouse/partner and dependent children, making it suitable for mixing business and leisure travel.
❌ Avoid: This plan if you rarely travel for business purposes, as you’ll be paying for specialized business equipment coverage you don’t need. The AllTrips Prime would likely be more cost-effective for primarily leisure travelers.
About the Company
Allianz Travel Insurance (formerly Allianz Global Assistance) is part of Allianz SE, one of the world’s largest financial services providers with over 100 years of experience.
Their travel insurance plans are underwritten by BCS Insurance Company or Jefferson Insurance Company, depending on your state of residence.
The company maintains strong financial ratings and a solid reputation for customer service, particularly for business travelers. They offer direct sales through their website and also partner with many corporate travel management companies and booking platforms.
Their TravelSmart mobile app is particularly useful for business travelers who need to file claims efficiently while on the road.
Ideal Buyer Profile
The AllTrips Executive plan is perfect for:
- Frequent business travelers who take multiple trips per year
- Consultants and professionals who travel with valuable equipment
- Self-employed individuals whose business depends on reliable travel
- Corporate travelers who also mix in personal vacations
- International business travelers concerned about medical coverage abroad
It’s not ideal for occasional travelers, those traveling primarily for leisure, or travelers on extremely tight budgets who don’t carry valuable business equipment.
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Mini Comparison
When comparing business equipment coverage, the AllTrips Executive offers $1,000 protection plus $1,000 for equipment rental, while standard travel policies typically provide only general baggage coverage with lower sub-limits for electronics (often just $500-750).
This specialized protection makes a significant difference for professionals carrying laptops, cameras, or specialized equipment.
Fun Fact
Did you know that according to travel insurance industry data, business equipment claims are among the most commonly filed by corporate travelers? Laptops alone account for approximately 25% of all business travel property claims, with an average replacement cost exceeding $1,200 per incident.
Pros and Cons
| Pros | Cons |
|---|---|
| Specialized business equipment coverage | Higher premium than leisure-focused annual plans |
| Excellent emergency medical limits | Annual trip cancellation limit may be insufficient for very expensive trips |
| Equipment rental reimbursement | No Cancel For Any Reason option |
| Concierge services included | Business equipment coverage capped at $1,000 |
| Covers both business and personal travel | Available only in select markets/countries |
Pricing Insights
The AllTrips Executive typically costs between $350-425 annually for an individual and $525-675 for a family plan. Pricing variables include:
- Age of travelers
- State of residence
- Individual vs. family coverage
- Optional rental car damage protection addition
This plan is positioned as a premium offering, costing approximately 50-60% more than the AllTrips Prime but providing specialized business coverage and higher limits across most benefit categories.
For frequent business travelers taking 5+ trips annually, the cost typically represents significant savings compared to purchasing individual policies for each journey.
✅ Pro Tip: Many business travelers can legitimately deduct their travel insurance premiums as a business expense on their taxes. Consult with your tax professional to determine if you qualify for this deduction, potentially making this premium plan even more affordable.
Exclusions and Limitations
Important limitations to consider:
• Annual Trip Cancellation Cap: The $5,000 combined annual limit for trip cancellation/interruption might still be insufficient for multiple expensive international business trips.
• Business Equipment Definition: Coverage only applies to items defined as business equipment in the policy; some specialized tools or technology may fall outside this definition.
• Pre-existing Conditions: Only covered if you purchase within 14 days of your initial trip payment and meet other specific requirements.
• High-Risk Activities: Business travel that includes demonstrations of adventure activities or sports may not be covered.
• Proof of Ownership: Claims for business equipment require documentation of ownership and value, which can be challenging for some business travelers.
Real User Feedback
Allianz maintains strong ratings on Trustpilot (4+ stars), with business travelers particularly praising their specialized coverage and responsive claims handling.
The AllTrips Executive specifically receives positive feedback for its business equipment protection and concierge services.
Multiple reviewers have mentioned appreciation for the plan’s flexibility in covering both business and leisure travel under a single policy, particularly important for professionals who often extend business trips for personal time.
Alternatives to Consider
If you don’t require the business-specific benefits but still want robust annual coverage, consider the AllTrips Premier plan, which offers similar medical limits and higher evacuation coverage ($500,000) but without the specialized business equipment protection.
For corporate travelers with extremely high-value equipment, you might want to supplement this plan with specialized business equipment insurance that offers higher limits for professional gear.
Always review the full policy wording carefully before purchasing. Safe travels!
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Can Save Up to 30%!
