What does errors and omissions insurance protect against?

Errors and omissions insurance specifically protects professionals, including travel agents, against claims arising from negligent acts, errors, or omissions while providing their services. This type of insurance covers the legal defense costs and any settlements that may arise from claims that a client has suffered a loss due to the agent's failure to perform their duties correctly or effectively. For instance, if a client alleges that a travel agent did not provide accurate information about a travel destination or neglected to secure necessary travel arrangements, errors and omissions insurance would cover the legal implications of such claims. By having this insurance, travel agents can operate confidently, knowing they are protected against potential litigation arising from their services.

Other options discuss different forms of protection unrelated to the nuances of service errors or negligent acts. Property damage claims, baggage loss, and general travel accidents involve distinct types of insurance coverage, such as liability insurance or travel insurance, rather than the specific protection against professional errors provided by errors and omissions insurance.