Travel Accident Insurance is a specialized accidental death policy designed for business people who travel frequently. Benefits are paid when a covered employee suffers death or a severe injury while traveling on business - whether in the United States or in a foreign country. Travel Accident Insurance covers losses that many other life insurance policies exclude - such as terrorism and acts of war. This benefit helps employers risk manage: an optional feature encourages seat belt and air bag use by providing an additional benefit if loss occurs in an auto accident when those safety devices are in use.

After the events of September 11, many employers are reconsidering benefits for their traveling employees. Accident insurance requires no medical underwriting, and issuing a policy is extremely simple. Many plans also include a travel assistance benefit to give employees a resource when they are traveling far away from home.