Things to Keep in Mind before Starting a Travel Agency

Things to Keep in Mind before Starting a Travel Agency

In today’s dynamic era, the mundane 9-5 jobs don’t appeal to the upcoming millennials. As a result, they step into entrepreneurial ventures with a vision to expand their horizons and explore the world. While some think of becoming tour guides, others have bigger plans like starting a travel agency. After all, what could be better than exploring new places, cuisines, and cultures while making money?  The travel industry is consistently growing, which means that travel demand isn’t likely to drop anytime soon. In short, people love to travel, and these…

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Travel insurance vs protection: Which one gives you the coverage your trip needs?

Travel insurance vs protection - person with luggage at airport

Understanding the difference between the two can help you to make the right choices. Whether you’re headed on vacation or a business trip, the travel insurance vs protection debate can seem like a confusing one. This is particularly true if you don’t know how they’re similar and what makes them difference. To start, it’s important to know that there is a difference between a policy and a plan. The difference between travel insurance vs protection is important enough that if you make a mistake, you may think you have coverage…

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Travel insurance coverage purchasing is on the rise among Americans

travel insurance coverage - trip details

A Generali Global Assistance survey says 51 percent are now buying these policies. Generali Global Assistance (GGA) published its travel insurance coverage survey finds, showing that Americans are purchasing these policies more often when they head away from home. This, according to the Holiday/2021 Travel Sentiment Survey held from October 26 to November 5. The GGA travel insurance coverage survey involved the participation of 1,138 travelers in the United States. It asked about their upcoming plans and preferences for heading away. The findings showed that 74 percent who said that…

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Men buy more trip insurance but are also riskier travelers, survey

Trip insurance - airport during COVID-19 pandemic

Berkshire Hathaway Travel Protection research shows that men are more willing to take travel chances. While men are more likely to purchase trip insurance before they travel, they’re also more inclined to take risks amid the COVID-19 pandemic crisis, found a Berkshire Hathaway Travel Protection survey. Women are more likely to comply with government safety and health guidance. The survey also showed that while women are less likely to buy trip insurance, their travel is less risky. They are more likely to follow government recommendations for health and safety. Moreover,…

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Americans more likely to buy travel insurance than they were pre-pandemic

Buy Travel Insurance - person waiting in airport

This crisis has drawn attention to the reality of risk and unexpected events that can suddenly occur. About 45 percent of Americans are likely to buy travel insurance to cover future trips as movement is introduced once more, according to a recent NerdWallet survey. The survey involved the participation of 2,000 adults across the United States. The research was designed to help better understand the impact of the COVID-19 pandemic crisis on the financial habits of Americans. What it found was that there was a greater likelihood that Americans would…

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Chubb and Travelers insurance companies win Louisiana bank DOJ settlement

A Louisiana bank will not be able to recover the $11.7 million DOJ settlement under its professional liability policies with Travelers Cos. Inc

The financial institution will not be able to recover the $11.7 million from the federal government. A Louisiana bank will not be able to recover the $11.7 million DOJ settlement under its professional liability policies with Travelers Cos. Inc. and Chubb Ltd. units. The reason is that the government was not the bank’s client, according to a ruling by the federal court of appeals last week. This most recent ruling upheld an earlier decision on the case from a lower court. IberiaBank Corp, a bank based in Lafayette, Louisiana, came…

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NY travel insurance is undergoing a transformation in the face of COVID-19

NY travel insurance - Virus

State governor Andrew Cuomo is allowing Cancel For Any Reason (CFAR) coverage. NY travel insurance is undergoing some significant changes as directed by state Governor Andrew M. Cuomo. Governor Cuomo has announced that insurers are now permitted to sell Cancel For Any Reason (CFAR) policies to both residents and businesses. This move is meant to help insurance companies respond to traveler needs as COVID-19 spreads. People around the world have become nervous about booking travel plans due to the uncertainty regarding the spread of the coronavirus. In order to help…

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