E&O insurance costs less money. (photo via Flickr/GotCredit)
WHY IT RATES: In a time when prices are increasing, 360 Coverage Pros is making coverage more affordable. –Janeen Christoff, TravelPulse Managing Editor
Travel Professionals Errors & Omissions Insurance from 360 Coverage Pros, a leading professional liability Program for travel agents, agencies and tour operators, announced premium reductions for travel professionals enrolling in their best-in-class errors and omissions (E&O) insurance Program.
Effective August 2, 2022, the E&O program introduced rates starting at just $25.67 per month for travel agents (independent contractors, sole proprietors or employees) and $33.17 per month for travel agencies (corporations or incorporated individuals). In addition to reduced rates, 360 policyholders also receive a suite of specialized insurance coverages including bodily injury and property damage, hired and non-owned auto coverage, host liquor liability and more.
“Travel advisors and organizations have had a rough couple of years without the chance to catch a break. Potential clients were traveling less and less, stakes were at an all-time high and the world was stranded in a period of uncertainty,” states Chris Buseman, Program Manager for 360 Coverage Pros. “As an organization, prioritizing the interests of travel professionals via insurance coverage comes first – but it is also our time to give back, that much is owed.”
Jason Rogers, EVP, 360 Coverage Pros, added, “as an insured of 360 Coverage Pros, not only do you enjoy the security of top-rated, industry-leading E&O coverage for yourself and your employees, but you also have access to additional program value-adds. For example, our Risk Management Hotline, which has been extremely popular amongst insureds. The hotline serves as a means to gain access to an attorney in the event you find yourself in a situation which needs course correction in the form of legal advice or assistance.”
SOURCE: 360 Coverage Pros press release.