Cancel for Any Reason
Although relatively new, many insurers now offer optional "cancel for any reason" or "cancel for work reasons" policies. For many travelers, unexpected work demands are the most likely reason to cancel, and these policies avoid that risk. Similarly, if you want to cancel because of civil unrest in your destination, you can. But these policies are a bit different from ordinary policies: They only allow cancellation up to 48 hours prior to departure, some offer only 75 percent or 90 percent coverage, and most are more expensive than conventional policies.
Minimizing the Risk: You can't do much beyond what is allowed in the policy.