e and o insurance for travel agents

Travel AgentsSource: bing.com

If you are a travel agent, you know that your clients rely on you to help them plan and book their dream vacations. However, even with the best intentions and the most thorough research, things can go wrong. When they do, you need to be protected. That’s where E and O insurance comes in.

Errors And Omissions InsuranceSource: bing.com

What is E and O Insurance?

E and O insurance, or errors and omissions insurance, is a type of liability insurance that protects professionals from claims of negligence or mistakes that result in financial loss. For travel agents, E and O insurance can provide coverage when a client accuses you of failing to provide the services or accommodations that they paid for, or if they suffer financial loss due to your advice or recommendations.

Why Do Travel Agents Need E and O Insurance?

Travel can be unpredictable, and even the most experienced travel agents can make mistakes. If a client experiences financial loss due to a mistake or omission on your part, they may file a lawsuit against you. Without E and O insurance, you would be responsible for covering the costs of a legal defense, as well as any potential damages or settlements.

Additionally, many travel suppliers require travel agents to have E and O insurance in order to work with them. This is because travel suppliers also face financial risk when clients experience problems with their travel arrangements, and they want to ensure that their partners are protected.

What Does E and O Insurance Cover?

Each E and O insurance policy is unique, but in general, E and O insurance for travel agents can provide coverage for:

  • Errors or omissions in making travel arrangements
  • Failure to provide the services or accommodations that were promised to clients
  • Incorrect advice or recommendations regarding travel arrangements
  • Financial loss suffered by clients due to mistakes made by the travel agent

How Much Does E and O Insurance Cost?

The cost of E and O insurance for travel agents can vary depending on the size of your business, the types of services you offer, and the level of coverage you need. However, most policies are relatively affordable, with annual premiums ranging from a few hundred to a few thousand dollars.

How Do I Get E and O Insurance?

To get E and O insurance for your travel agency, you should start by contacting an insurance provider that specializes in professional liability coverage. They will be able to provide you with information on the types of policies available, as well as the level of coverage you need based on your specific business needs.

Before you purchase a policy, be sure to read the fine print carefully to ensure that you understand what is covered and what is not. You should also compare quotes from multiple providers to ensure that you are getting the best possible price.


E and O insurance is an important form of protection for travel agents. By investing in this type of coverage, you can help ensure that you are able to provide the best possible service to your clients, while also protecting yourself from the financial risks associated with professional liability.