For most people, the worst thing that can happen to them on holiday is a missed flight, a stolen wallet, getting sick or having a minor accident If you’ve been smart and bought some cheap travel insurance, you’ll probably be covered for these commonplace holiday mishaps

It’s a nightmare scenario, but one that’s not totally without precedence Imagine you’re abroad and are responsible for a stranger’s injury, or damage some property by mistake

Increasingly, banks and credit cards are offering a selection of free perks to try and get additional customers There are all kinds of incentives, but the one I hear most about (for obvious reasons) is the free travel insurance

Apparently one in ten British people have committed travel insurance fraud Sure, most will have made exaggerations, rather than having claimed to have been robbed of their million pound winning lottery ticket, but its still a substantial amount of lies

If you are going backpacking on your gap year, you’ll naturally want cheap holiday insurance, the cheapest that you can find After all, you want to spend the money you’ve carefully saved up on your adventure abroad and the souvenirs to take back home, not on something dull like travel insurance that you’ll probably never use

Everyone is always looking for ways to get cheap travel insurance for their holidays abroad, but many people miss the most obvious way to make big savings – annual travel insurance Buying an annual policy rather than numerous single trip policies is normally much more cost effective and convenient, and it often brings numerous other benefits as well

Travel insurance can save you a world of trouble when you are travelling abroad, covering unexpected costs and medical bills when something goes wrong But when it comes to buying travel insurance or trying to make a claim while abroad, there are some very common errors that you see repeated again and again: here are five of the biggest travel insurance mistakes that you can make: Only looking at the price when buying… There is plenty of good cheap travel insurance out there, providing decent cover at low prices, but you should thoroughly review the small print before you buy

People should always read the small print on travel insurance policies It is advice I’ve given many times, but I still hear of people being surprised when their policy doesn’t reimburse them after they make a claim

With the widespread availability of cheap travel insurance, there is no good reason to risk travelling uninsured There are plenty of accidents that can befall the unlucky traveller abroad, and if you have insurance, these accidents will likely be minor inconveniences – if you don’t, they could turn into expensive disasters

Whether it is a brief visit to another part of the country or a week long trip abroad, business trips to visit critical clients and other important companies are a vital part of keeping any business running successfully; and for every trip, you’ll need some kind of business travel insurance If you only have to travel every once in a while, single trip cover may be sufficient, but if you travel many times each year you’ll want to invest in some annual business travel insurance