Errors and Omissions Insurance For Travel Agencies

As a travel agent, you should understand the paramount responsibilities placed upon your shoulders. You must make the client happy, while also ensuring that their vacation and travels are scheduled to perfection. From time to time, the process can grow overwhelming and mistakes could be made, regardless of your diligence.
With this in mind, you may want to consider protecting your travel agency with an errors and omissions insurance policy. If you have not familiarized yourself with this form of protection, you need to do so right now! Your company and its revenue could depend on it.

travel agency insurance coverage



Problems Travel Agencies Face

Those outside of the field probably do not know it, but travel agencies are frequently sued. If anything goes wrong during the course of the trip, your travel agency could be placed at fault. Even if the complications did not directly result from your negligence, you may still be blamed for the problems. If someone is injured during the trip, your travel agency could potentially be held liable. Losing the lawsuit could be disastrous.


The Purpose of E&O Insurance

In Canada, it is possible for your travel agency to be sued for an abundance of reasons. Some of these have been explored above. This is where your E&O insurance policy comes into play. This insurance, which is known as Errors and Omissions Insurance, is responsible for protecting professionals, while performing their duties. The insurance is also known as professional liability insurance and it can protect your business in numerous ways. Below, you will find a list of potential problems, which are covered.

  • Negligence
  • Unintended confidentiality breaches
  • Destruction or loss of documents
  • Infringement upon copyright laws


This insurance works very similar to others and will require your agency to pay a monthly or annual premium. The benefits outweigh the cons and failing to secure insurance in a timely manner could result in future complications and massive losses of revenue. This is why it is absolutely imperative to reach out to LiabilityCover Today!


cruise package from travale agency


Your Individualistic Needs

Not all travel agencies are the same. Some have fewer employees and make less annually than others. Therefore, attempting to provide a generalized figure would be unrealistic and unreliable. Instead, LiabilityCover takes a unique approach to the situation. We will speak with you, in order to formulate an travel agency E&O insurance policy for your specific needs, desires and budget. Of course, obtaining the insurance, before any work is carried out is highly recommended, so contacting us today is a must.


Canadian Law Requirements

Before going any further, it is essential to remember that Canadian law regulates travel agencies strictly. Of course, the laws deviate from one province to another, with Ontario being the strictest of all. To operate a travel agency in Ontario, Canada, you must register your business with the TICO agency and all employees are required to pass the TICO exam. You’ll also need to establish a trust account and make a security deposit of 10,000 CAD, which will be returned after 2 years of successful business.

Those that operate within British Columbia, Canada will need to pass a travel insurance exam. Your employees will be required to take and pass the exam, at least once. Finally, it should be known that all Canadian travel agencies would need to obtain travel surety bonds. These will help to protect the consumer from fraud and financial failure.

When you’re ready to obtain the necessary insurance, you will want to contact us right away.








Other professions we provide E&O insurance to:

Alternative Energy
Architects & Engineers
Architectural/Engineering technicians and technologists
Building Designers
Business Consultant
Civil engineers
Collection Agencies
Contractors for all specializations
Commercial General Liability Insurance
Directors and Officers
Employment Agencies/Recruiters
Environmental Engineers
Energy Audits & Assessments
Event Organizer/Planner
Foreign Legal Consultants
Holistic Professional
Home Inspectors
Information Technology
Immigration Consultants
Interior Designers
IT Contractor
IT Specialist/Technician/Programmer
Independent Contractor
Product Designers
Professionals Liability
Professional Organizer
Lawyer’s Excess Professional Liability
Management Consultants
Medical Professionals (Malpractice Insurance)
Medical Students (Malpractice Insurance)
Multimedia designers
Mortgage Brokers
New Media
Occupational Health and Safety Consultants
Quality Control Consultants
Placement Agencies
Process Servers
Private Investigators
Project Managers
Property Managers
Publishers and Printers
Recruitment and Employment Agency
Recruitment Consultants
Safety Engineers
Service Organizations
Solar & Wind Farm Engineers & Consultants
Structural Engineers
Sub Contractor
Therapist Professionals
Traditional Chinese Medicine
Fitness Trainers
Travel Agencies
Travel Agents, Tour Operators
Excess & Umbrella Liability
Web-Site Designers
Workplace Engineers & Consultants