Best Travel Agent Business Insurance

The Hartford tops our rankings for best travel business insurance with a MoneyGeek score of 4.78, earning perfect ratings in affordability, customer service and coverage options. At $33 per month, it offers comprehensive coverage for independent travel agents and established travel agencies without straining your budget. 

We recommend comparing quotes from our other top picks, including NEXT, biBERK, Nationwide and Simply Business, to find the best fit for your travel business.

Note: We based all scores on a travel business with two employees across professional liability, general liability, workers' comp and BOP policies.

The Hartford offers the most affordable travel business insurance at $33 monthly on average, with the cheapest professional liability rates at $87 monthly.

For other coverage types, your travel agency can find better rates elsewhere: biBerk leads for business owner's policies at $21 monthly, and NEXT offers the lowest workers' compensation and general liability at $16 monthly.

In general, travel agent business insurance costs are the following for the four most popular coverage types:

• General Liability: $21 on average per month, ranging from $18 to $24, depending on the state
• Workers' Comp: $7 on average per month, ranging from $6 to $8, depending on the state
• Professional Liability (E&O): $97 on average per month, ranging from $83 to $111, depending on the state
• BOP Insurance: $31 on average per month, ranging from $26 to $36. depending on the state

Professional liability insurance protects travel advisors from the costliest risk you face: booking errors that ruin client vacations and lead to lawsuits. Workers' compensation becomes required coverage for travel agents once you hire staff, while general liability and cyber insurance protect against client injuries and data breaches that can devastate your agency's finances and reputation. 

• Workers' Compensation Insurance: Workers' comp is required in most states once you hire employees. Your travel advisor develops carpal tunnel syndrome from hours of computer work booking complex itineraries and needs surgery. Coverage pays medical bills and lost wages, with costs around $0.50 to $2 per $100 of payroll.
• Professional Liability Insurance: Professional liability insurance protects you when booking mistakes cost clients money. You book a client's honeymoon at a resort undergoing construction, or miss a passport requirement for their destination. These errors can lead to lawsuits demanding thousands in compensation. Travel agencies carry $1 million to $2 million in coverage.
• General Liability Insurance: General liability gives your travel business financial protection when clients get injured at your office or during hosted events you organize. A client trips over sample luggage in your showroom and breaks their wrist, leading to a lawsuit. Travel businesses carry $1 million to $2 million in coverage.
• Cyber Liability Insurance: You store passport numbers, credit card details, and travel itineraries for hundreds of clients. Hackers target travel agencies because this data is valuable on the black market. One breach exposing 500 clients' payment information can cost your business over $200,000 in notification costs and lawsuits. Travel agencies carry $1 million to $3 million in cyber coverage.
• Commercial Property Insurance: Commercial property insurance covers your office equipment, computers and client files when damaged by fire, theft or weather events. A burst pipe floods your agency overnight, destroying computers with client bookings and years of paper files. Coverage matches your property value.
• Business Owner's Policy: A BOP bundles general liability and property coverage at a lower cost for small travel agencies. You get protection for client injuries at your office plus coverage for damaged equipment in one package. Travel businesses save 20% to 30% compared to buying these coverages separately.
• Commercial Auto Insurance: You need commercial auto insurance if your travel business owns vehicles for airport transfers or tour transportation. Your company van gets rear-ended while transporting clients to the airport, injuring three passengers who sue for medical costs. Coverage includes $1 million in liability plus collision protection for your vehicle.

Getting the best business insurance for your travel agency means comparing quotes and selecting coverage that protects your business financially without overpaying.

Professional liability and cyber insurance protect your travel agency from booking errors and data breaches that trigger expensive lawsuits. The Hartford offers comprehensive coverage for travel businesses at $33 monthly, with workers' comp at $7. Compare quotes annually as you grow your client roster, add employees, or expand into destination weddings and group tours.

We answer frequently asked questions about 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 the company 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 providers 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 companies are 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