November 30, 2008
Liability Insurance and Risk Management for Travel Agencies and Tour Operators
Are you are a tour operator, travel agent, hotelier, resort, lodge and have questions on travel liability insurance and risk management, especially in adventure travel, you need to listen to this important episode of Travel Business Success Podcast.
Tim Warren interviews Rick McKinley with Alameda Associates who specializes helping travel providers and vendors get liability insurance and has lots of experience in the adventure travel, active sports filed.
Top Travel and Hospitality Risk Management and Liability Insurance Topics Include:
1) WHERE CAN I FIND LIABILITY INSURANCE FOR MY TRAVEL AGENCY \ TOUR OPERATIONS?
2) WHAT'S DOES IT COVER?
• Levels of coverage:
• Cost
3) WHAT ARE THE BASICS A TRAVEL COMPANY SHOULD SEEK?
• Gen liability insurance
• Non owned and hired auto -important
• Physical and sexual abuse
• worldwide
• Bodily injury
• Errors and omissions ( $ back from client)
• Volunteer workers comp
• Accidental death and dismemberment
4) TRAVEL INSURANCE SUPPLIER:
- CNA international
- AIG
- Lexington – AIrisk.com
5) WHAT'S DOES IT NOT COVER?
• Definitions in policy
• Endorsements?
6) WHAT SHOULD I DO TO FIND OUT WHAT MY CURRENT POLICY COVERS AND DOES NOT COVER?
7) WHAT CAN I DO PROACTIVEL Y TO REDUCE MY CHANCES OF HAVING A LIABILITY INSURANCE CLAIM?
• Have in contracts:
- hold harmless/ disclaimer statements
- limit liability
- medical release form for treatment
- Vendors insurance – naming suppliers as additional insured
- Vendor selection process
- Hold activity provider harmless – indemnity provision
6) CRISIS MANAGEMENT PLANS
- Risk management policies, procedures and STAFF TRAINING
Rick McKinley Contact:
Voice: (510) 522-2090
email: alainsur@pacbell.net
www.alamedaassociatesins.com
For more tips, tools and templates on liability and risk management for travel professionals, look for my new Travel Business Success Handbook being released in January 2009. This new handbook will give you actual digital templates you can use to create important business forms including: Release of Liability and Cancellation Terms and Conditions, Advance Credit Card Agreement and more.
Click Triangle to Listen Download MP3 Here
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adventure travel, AIG travel guard, ecotourism, hospitality, travel insurance, travel marketing
3 Comments or Questions on Liability Insurance and Risk Management for Travel Agencies and Tour Operators »
October 29, 2009
Ann Edwards @ 1:52 pm:
I work with a tour operations company. We have an upcoming tour for a high school choir group. For the school district, the tour falls under the category of a "field trip" and consequently they now require us to have a commercial liability insurance policy for $2Million and to be have the district's name added as an insured. They also want us to be responsible for any medical expenses incurred as a result of injury to its employees, volunteers and/or representatives. We do not currently have any business insurance. It is my thinking that this type of commercial liability policy that is being requested does not apply to our industry. I am aware of general liability policies and errors and omissions. Is there any policy for our business that would better meet the requirements of the school district?
December 22, 2009
Tim Taylor @ 10:23 pm:
I am English, my wife is Indonesian. We are setting up a Tour Operator business in Indonesia.It will be licenced in Indonesia. We need Liability Insurance. We have Drafted Proposed Terms & Conditions which we can send you. Can you advise if you would cover us?
Many thanks.
February 5, 2010
Tim Warren @ 8:14 am:
Like to help Tim, but I do not provide any sort of insurance for travel companies.
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