Whether for work or pleasure, reducing stress always improves the travel experience. Travel insurance gives you peace of mind and removes the risk of catastrophic financial costs.
A travel policy has multiple optional elements, but the one absolute must is medical insurance. You’ll need coverage against both the costs of treatment and the costs of being brought back home. Without this coverage, it’s no exaggeration to say the costs could bankrupt you.
Other key elements are coverage for your baggage and possessions along with coverage for the costs if you have to cancel a trip or return early (note that this usually only covers specific reasons, such as family bereavement or medical emergency). You can also get coverage against missing flights.