Packing travel insurance on vacation + MORE Jul 17th

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A federal think-tank argues that workplace benefits such as maternity leave and employment insurance have less relevance to “virtual workers” who do temporary contract jobs online. Virtual workers also face downward pressure on wages as they compete globally.

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Packing travel insurance on vacation

– canadianbusiness.com

Summer travel season is in full swing. As you ponder where to go and what to pack, you may also be considering travel insurance.
The U.S. Travel Insurance Association, an industry group, estimates Americans spent over $2.2 billion in 2014 on all types of travel protection.
While popular with some travellers, it isn’t always necessary, so we talked to experts about when you might (and might not) need it.
WHAT IT IS: Travel insurance is designed to help protect you from financial losses related to your trip, such as the cost of cancelling a vacation because of a death in the family or being airlifted off a mountain because of a skiing accident.
According to the Insurance Information Institute, travel insurance breaks down to three basic types: medical, assistance and trip cancellation, interruption or delay coverage.
The cost is based on the age of the traveller, type of coverage and cost of trip but generally costs about 5 to 7 per cent of the total, according to the institute. A “Cancel for Any Reason” type of policy, which is more comprehensive than a standard policy, usually costs more…

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