Travel Agency Errors & Omissions Insurance
What is Travel agency E&O Insurance also known as Travel Agency Errors & Omissions Insurance?
Travel agency errors & omissions insurance also known as travel agency E&O, professional liability or malpractice insurance, protects a travel agent and individuals within its company from client claims and/or lawsuits for inadequate work or negligent actions. No matter how careful you are, or even with the most successful loss control program in place, you will never be able to eliminate the risk of being sued. The most common risk management technique is risk transfer, and the most common risk transfer mechanism for a Travel Agent or Travel Agency is insurance.
Travel Agency E&O Insurance coverage protects all kinds of travel professionals, such as if a client alleges that they were professionally negligent; failed to perform their professional duties or to fulfill them as promised in their contract; or if their actions of omissions deviate from accepted standards of practice within the travel industry.
Most travel agency E&O Insurance policies have four liability coverage parts with worldwide protection for qualifying Travel agencies; Tour Operators: Meeting Planners: and Independent Contractors.
- Coverage A: Bodily Injury and Property Damage Liability, including certain Non-Owned and Hired Aircraft and Watercraft
- Coverage B: Non-Owned and Hired Auto Liability
- Coverage C: Professional Liability (Errors & omissions)
- Personal Injury Liability
Some policies have coverage for Host Liquor Liability (except student operators) and Fire Legal Liability with limits of $50,000.
Most policies had additional enhancements available for extended general liability endorsement for contractual liability and premises medical, additional insureds, prior acts for qualifying companies, travel supplier bankruptcy legal liability and advertising injury liability. Coverage is also available for agency that just need professional liability without any additional enhancements.
Contact us to see what coverages are available for your business today or Request a quote for Travel Agency E&O Insurance from Insurance Innovations. We can also be reached toll free 1-888-871-9096 Ext 5193.
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