The Hartford earned our top spot for the best small business insurer for travel companies due to its affordability and coverage. However, we recommend comparing quotes from our other top picks, including NEXT, biBerk and Simply Business.
Best Travel Business Insurance
Updated: July 7, 2025
Advertising & Editorial Disclosure
Key Takeaways
The Hartford is the best business insurance company for travel firms because it offers the greatest balance of affordability and stability.
The cheapest overall commercial insurance provider for travel businesses for professional liability is The Hartford.
To shop for business insurance for your travel business, assess the risks in your industry, consult agents and other similar organizations, and compare multiple options.
Best Business Insurance for Travel Companies
| The Hartford | 96 | 98 | 91 |
| NEXT Insurance | 95 | 96 | 94 |
| biBERK | 92 | 94 | 91 |
| Simply Business | 90 | 90 | 83 |
| Nationwide | 90 | 87 | 91 |
| Progressive Commercial | 88 | 91 | 81 |
| Hiscox | 88 | 90 | 87 |
| Thimble | 87 | 90 | 81 |
| Chubb | 85 | 80 | 87 |
| Coverdash | 85 | 80 | 83 |
*All scores were based on a travel business with two employees across professional liability, general liability, workers' comp and BOP policies.
1. The Hartford
pros
Best professional liability pricing
High financial stability (A+ AM Best)
Competitive BOP and liability rates
cons
Limited digital quote tools
COMPANY HIGHLIGHTS
The Hartford ranks highest for travel company insurance thanks to its competitive pricing and reputation for reliability. It offers the lowest professional liability rates in our study and strong affordability across other policy types, including BOP. Backed by an A+ from AM Best, it’s a dependable option for agencies needing long-term coverage stability. Travel businesses that want a mix of tailored protection and financial strength should consider The Hartford.
2. NEXT
pros
Fast online setup and claims
Highly rated customer service
Strong general liability pricing
cons
Slower quote times than competition
COMPANY HIGHLIGHTS
NEXT is a top digital-first insurer offering fast, flexible coverage ideal for small or independent travel companies. It holds a 4.7‑out‑of‑5 rating from thousands of business owners, reflecting its strong customer support. NEXT’s general liability and BOP pricing are among the most affordable, and its streamlined platform makes policy management easy. Travel advisors and tour operators who want a quick, online solution will appreciate NEXT’s ease of use and responsive service.
3. biBerk
pros
Cheapest general liability and BOP
Backed by Berkshire Hathaway
Simple coverage options for small teams
cons
Fewer policy bundling options
COMPANY HIGHLIGHTS
biBerk is the most affordable provider for travel businesses looking to cut insurance costs. It offers the lowest average prices for both general liability and BOP coverage in our data. As a part of Berkshire Hathaway, biBerk combines budget-friendly policies with dependable backing. While it may not offer the broadest coverage mix, it’s a solid pick for smaller travel firms with basic coverage needs and limited risk exposure.
Cheapest Business Insurance for Travel Firms
Based on our study of business insurance pricing, biBerk offers the cheapest overall commercial insurance for travel companies across two policy types. However, this applies only to travel companies with two employees, and you may find lower rates elsewhere. Below are the most affordable providers by major coverage types.
Cheapest General Liability Insurance for Travel Companies
With an average monthly rate of $16, biBerk offers the lowest-cost general liability insurance for travel companies. Even so, consider getting quotes from the next-most-affordable insurers: NEXT and The Hartford.
| biBERK | $16 | $190 |
| NEXT Insurance | $17 | $200 |
| The Hartford | $17 | $205 |
| Nationwide | $20 | $241 |
| Simply Business | $20 | $240 |
| Hiscox | $21 | $247 |
| Progressive Commercial | $21 | $247 |
| Thimble | $22 | $264 |
| Chubb | $25 | $304 |
| Coverdash | $34 | $406 |
Cheapest Workers' Comp Insurance for Travel Companies
For travel businesses shopping for workers' comp insurance, Thimble tops our list as the most affordable insurer, with average rates of $3 per month or $36 yearly.
However, you may find more affordable rates with Progressive Commercial, Simply Business, Hiscox and The Hartford.
| Coverdash | $3 | $41 |
| Hiscox | $3 | $40 |
| Progressive Commercial | $3 | $39 |
| Simply Business | $3 | $40 |
| The Hartford | $3 | $41 |
| Thimble | $3 | $36 |
| biBERK | $4 | $43 |
| Chubb | $4 | $49 |
| Nationwide | $4 | $45 |
| NEXT Insurance | $4 | $42 |
Cheapest Professional Liability Insurance for Travel Companies
The Hartford offers the most affordable professional liability insurance options for travel companies, with low average monthly rates of $87. You may also want to compare prices from other low-cost providers like NEXT, Thimble and Progressive Commercial.
| The Hartford | $87 | $1,040 |
| NEXT Insurance | $91 | $1,095 |
| Progressive Commercial | $93 | $1,110 |
| Thimble | $93 | $1,113 |
| Hiscox | $96 | $1,153 |
| Simply Business | $96 | $1,152 |
| Coverdash | $98 | $1,181 |
| biBERK | $100 | $1,196 |
| Nationwide | $105 | $1,256 |
| Chubb | $113 | $1,351 |
Cheapest BOP Insurance for Travel Companies
biBerk provides the most affordable BOP coverage for travel companies, with an average yearly cost of $247 for bundled general liability and property protection. That's a savings of roughly $14 annually compared to The Hartford, the second most affordable option.
| biBERK | $21 | $247 |
| The Hartford | $22 | $261 |
| NEXT Insurance | $24 | $291 |
| Nationwide | $30 | $359 |
| Simply Business | $30 | $360 |
| Hiscox | $31 | $367 |
| Progressive Commercial | $31 | $370 |
| Thimble | $33 | $401 |
| Chubb | $38 | $456 |
| Coverdash | $49 | $592 |
What Type of Coverage Do You Need for a Travel Business?
Most companies with employees are legally required to carry workers' comp insurance, and businesses that use vehicles must have commercial auto coverage. Many clients or contracts also require businesses to carry general liability insurance before starting work. A surety bond may also be necessary in certain industries, especially when contracts require guarantees of service or compliance.
RECOMMENDED TRAVEL BUSINESS COVERAGE
General liability insurance is strongly recommended for travel companies because it covers common risks like bodily injury, property damage, and legal defense costs. Professional liability insurance is also a smart option for businesses that work under client contracts or provide specialized services. This coverage becomes especially useful for companies offering specialized services or handling large contracts where the risk of disputes is higher.
Coverage Recommendations by Travel Company Type
We've broken down risk considerations and coverage recommendations by travel business type, ordered from highest to lowest risk for claims frequency. This list helps businesses understand their potential liability exposure and the insurance coverage they might need.
Travel Company Type | Coverage Types Recommendation | Most Common Insurance Claims | Most Common Reasons For Litigation |
|---|---|---|---|
International Tour Operator | General Liability, Workers' Comp (high limits), Professional Liability, Commercial Auto, Cyber Liability, BOP | Injury during excursions, transportation-related accidents, lost baggage claims, medical emergencies abroad | Negligence during trips, contract breaches, unsafe accommodations, traveler injuries |
Adventure Travel Company | General Liability (high limits), Workers' Comp, Professional Liability, Inland Marine, BOP, Umbrella Policy ($2M+) | Physical injuries (hiking, rafting, etc.), equipment damage/loss, natural hazard-related claims | Injury or death during activities, failure to warn of risks, negligence claims |
Travel Agency (Retail) | Professional Liability, General Liability, Cyber Liability, Workers' Comp, BOP | Incorrect bookings, client financial loss, trip cancellations, data breach | Misrepresentation or booking errors, data security issues, service failure |
Corporate Travel Management Firm | Professional Liability, Cyber Liability, BOP, Workers' Comp, Employment Practices Liability Insurance (EPLI) | Booking issues, system downtime, client financial loss, employee-related incidents | Contract disputes, discrimination/wrongful termination, data breach liability |
Home-Based/Independent Travel Agent | Professional Liability, General Liability, Cyber Liability (optional), BOP (if applicable) | Client cancellations, booking errors, credit card disputes | Fraud allegations, failure to deliver promised services, miscommunication |
How to Get the Best Cheap Business Insurance for Your Travel Company
Here's a step-by-step method for finding the best and cheapest business insurance for your travel company.
- 1
Decide on coverage needs before buying
Consider risks specific to your business for claims, get advice from similar businesses, talk to agents and research the types of business insurance. This will give you a balanced perspective on your coverage needs and prevent you from being convinced to get excessive coverage.
- 2
Research costs
To ensure you get the best deal, research average costs for your business profile and determine which providers offer the cheapest rates overall. This will give you a measuring stick for how much you're saving when comparing quotes and which companies to start with.
- 3
Look into company reputations and coverage options
To further narrow your list, research what customers say on online rating sites and forums to get a more comprehensive look at company services. Also, to align with your coverage needs and future ones, research coverage options to ensure you're covered for the right items.
- 4
Compare multiple quotes through different means
The tried-and-true method for finding the best deal is to compare multiple quotes for apples-to-apples coverage. Pricing differs by your comparison method, whether with captive agents, comparison sites, company websites or independent agents.
- 5
Reassess annually
Your business situation will change, influencing your rates and coverage needs. Repeat these steps annually to ensure you still have the best deal.
How to Decrease Your Travel Business's Liability Risk
Reducing liability risks is crucial for travel businesses aiming to manage insurance costs effectively. We've organized risk mitigation strategies by risk level and service type to help you find the best fit for your business.
Risk Level | Included Types | Risk Mitigation Tactics |
|---|---|---|
Highest | Adventure travel companies, international tour operators with outdoor excursions | Provide detailed safety waivers and pre-trip briefings. Train staff in first aid and emergency response. Use certified guides and vetted operators. Carry high-limit liability coverage for physical injury claims. |
Moderately High | Corporate travel firms, retail travel agencies handling group bookings | Implement error-checking protocols for bookings. Maintain secure client data systems. Use contracts with clear cancellation and liability terms. Ensure proper documentation of itineraries and policies. |
Moderate | Standard retail travel agencies, home-based agents with limited client interaction | Use professional liability coverage for service errors. Secure client payment info with reputable systems. Keep records of all client communications. Maintain current licensing and training. |
Moderately Low | Local or niche travel agents offering virtual consultations only | Clearly outline service limitations. Use disclaimers in contracts. Utilize cyber liability insurance if handling client data online. Encourage clients to purchase traveler insurance. |
Lowest | Referral-only agents or content creators promoting travel (non-agency) | Disclose affiliate status and avoid providing specific travel guarantees. Avoid handling client payments directly. Carry basic general liability if monetizing content. |
Best Insurance for Travel Business: Bottom Line
The Hartford is the best insurer for travel business insurance, offering both top-rated service and the most affordable coverage. We also recommend getting quotes from NEXT, Nationwide and Simply Business. For the best deal, talk to agents, research providers and pricing and compare multiple quotes side by side.
Travel Business Insurance: FAQ
This section addresses frequently asked questions about business insurance for travel companies. Readers can find answers to common queries, helping them understand their insurance options better.
Who offers the best travel business insurance overall?
The Hartford stands out as the top provider of business insurance for travel enterprises, boasting a stellar customer service reputation and a MoneyGeek score of 96 out of 100. NEXT Insurance is a competitor, with a close score of 95, due to its strong service ratings.
Who has the cheapest business insurance for travel companies?
Here are the cheapest business insurance companies for travel companies by coverage type:
- Cheapest general liability insurance: biBERK at $16 monthly
- Cheapest workers' comp insurance: Thimble at $3 monthly
- Cheapest professional liability insurance: The Hartford at $87 monthly
- Cheapest BOP insurance: biBERK at $21 monthly
What business insurance is required for travel organizations?
Workers' compensation insurance (if you have employees) and commercial auto insurance (if you own business vehicles) are legally required for travel businesses, with requirements varying by state. While not legally mandated, general liability insurance and surety bonds are effectively required by most commercial clients and property leases.
How much does travel business insurance cost?
Business insurance costs for travel companies depend on business size, operations, and coverage needs. The monthly costs for common insurance types start at:
- General liability: $21 per month
- Workers comp: $4 per month
- Professional liability: $97 per month
- BOP insurance: $31 per month
How We Chose the Best Travel Business Insurance
We selected the best business insurer for travel companies based on the following criteria:
- Affordability (50% of score): The lower a company's costs compared to the competition based on our base profile for four core coverage types, the better it performs.
- Customer service (30% of score): We scored providers on overall customer satisfaction using industry studies, customer review forum ratings and public forum sentiment analysis from sites like Reddit.
- Coverage (15% of score): We scored business insurance for this category based on the flexibility, payment and actual coverage options.
- Financial stability (5% of score): Using financial stability industry ratings from companies like AM Best and Moody's, we created an overall rating to judge how likely a company is to pay out claims compared to the competition.
All pricing in this article is based on the following base profile to represent the vast majority of small businesses in all states:
- Three-person business with two employees
- Coverage: $1 million per occurrence and $2 million total per year for all but BOP, which includes the same coverage plus $5,000 of business property coverage
- $150,000 in payroll
- $300,000 annual revenue
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- AM Best. "Hartford Fire Insurance Company." Accessed June 16, 2025.
- NEXT. "Customer Reviews." Accessed June 16, 2025.