The job of a travel agent is to provide guidance and advice to his or her clients. As a result, these individuals typically work together to solve problems, create plans, and make purchases. All travel agents need to have a solid business insurance to cover all risks they face as a business owner. Because of the nature of their business, these professionals may need specific coverage. Take a look at common types of business insurance for agents.
General Liability Insurance
As a travel agent, it is usually necessary to maintain a higher level of liability insurance. If a person visiting the travel agency suffers some type of loss, this type of insurance helps cover them. This insurance can help cover lawsuits filed over injuries or accidents. Here are some examples that may impact you:
- A customer walks in to meet with you, falls, and needs stitches on his head. This coverage can help pay for the medical bills.
- A person visiting you trips over a carpet. He or she drops an expensive phone. It shatters. This coverage can help pay for the replacement or repairs.
- Someone files a lawsuit against you for using what they say is a logo or trademark they own. This policy might cover your legal damages. However, certain limitations for advertising injury might exist. Ask your agent whether you need more specific coverage in these cases.
In high-valued situations, some travel agents may wish to get professional liability insurance. This often provides coverage at a higher level. Anyone that provides professional advice to another person can enjoy this coverage.
Other Types of Business Insurance for Travel Agents
Agents often need other forms of coverage as well. Here are some examples:
- You travel from your office to other offices during the normal days’ work. In this case, you may need a commercial auto insurance policy.
- You have employees that work for you. Your state may require you to maintain workers compensation coverage.
- You may own or lease a building space to operate your business in. You need insurance to protect your assets. This includes the building, but also your computer systems and office furnishings. Many travel agents are providing services online. This may warrant the investment in cyber theft insurance.
Work with your insurance agent at 269.441.5156 to make sure you have the proper protection for your company. Taking this step can help you avoid costly mistakes later. It can also safeguard your business for years to come.
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