how much is errors and omissions insurance for travel agents

Travel InsuranceSource:

If you’re a travel agent, you know that booking travel can come with risks. What if a client’s flight is cancelled, or their hotel is overbooked? What if they get sick while on their trip? These are all scenarios that could lead to a lawsuit being filed against you for negligence. That’s where errors and omissions insurance comes in.

What is Errors and Omissions Insurance?

Errors And Omissions InsuranceSource:

Errors and omissions insurance, also known as professional liability insurance, is a type of insurance policy that protects you from lawsuits that may arise from the services you provide. In the case of travel agents, this could include things like booking travel arrangements, providing recommendations for activities or accommodations, or offering travel advice.

If a client believes they suffered financial loss or harm as a result of your services, they could file a lawsuit against you. Errors and omissions insurance can help cover legal expenses, settlements, or judgments that arise from such lawsuits.

How Much Does Errors and Omissions Insurance Cost for Travel Agents?

Insurance PremiumSource:

The cost of errors and omissions insurance for travel agents varies based on a number of factors, including:

Factor Influence on Cost
Type of Travel Agent Travel agents who specialize in luxury travel or adventure travel may pay more for coverage than those who book budget trips.
Revenue Travel agents who generate more revenue may pay higher premiums.
Coverage Limits The higher the coverage limit, the more expensive the policy will be.
Deductible A higher deductible can lead to lower premium costs.
Claims History Travel agents with a history of claims may pay higher premiums.

Generally, errors and omissions insurance for travel agents can cost anywhere from a few hundred dollars to a few thousand dollars per year, depending on these and other factors.

Do I Really Need Errors and Omissions Insurance?

Travel Insurance ProtectionSource:

While errors and omissions insurance is not required by law for travel agents, it is highly recommended. Without it, you could be held responsible for legal fees, settlements, or judgments out of your own pocket if a lawsuit arises.

Even if you believe you provide top-quality travel services, mistakes can happen. Errors and omissions insurance provides peace of mind and financial protection in case of a lawsuit.

How Do I Get Errors and Omissions Insurance?

Insurance AgentSource:

To get errors and omissions insurance, you’ll need to contact an insurance agent or broker who specializes in this type of coverage. They can help you assess your risks and find a policy that fits your needs and budget.

When choosing an insurance provider, be sure to do your research and choose a reputable company with a history of providing quality coverage and excellent customer service.


Errors and omissions insurance is an important type of coverage for travel agents. It can provide financial protection in case of a lawsuit arising from the services you provide, and help give you peace of mind. While the cost of this insurance can vary, it is a worthwhile investment for any travel agent who wants to protect their business and their clients.