Business travelers are no strangers to extenuating circumstances. Last-minute changes to flights, lost luggage, missed connections, rental-car accidents if you travel for work, it likely has happened to you. Most of these hassles involve fees charges that employers assume as a cost of doing business. But when travelers are self-employed, as a growing number of business travelers are, all of these fees suddenly add up.

This is where travel insurance can help. While most insurance providers sell these products to leisure travelers on a trip-by-trip basis, a handful also offer annual policies for business travelers. With these policies, for one annual rate, road warriors often can get reimbursed for most (if not all) of the charges they encounter when something unexpected happens on a work trip. In just about every case, customers see a return on their investment after three or four charges of $50 or $100 each to change a flight. Across the board, the companies are effective insurers, paying out quickly and efficiently.

To be clear, there are some things that none of these policies cover: if you simply decide not to travel, if your business meeting gets canceled, if you have a child-care emergency. On the plus side, most of the policies cover acts of terrorism (which, sadly, is becoming more of a realistic possibility these days).

Here, then, is a rundown on the five most popular annual travel-insurance policies on the market. Keep in mind that coverage varies from policy to policy and state by state (insurance laws differ by state). It’s also important to note that with any insurance policy, understanding the fine print can be challenging, which is why we recommend calling for more details.

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