View Full Version : Two companies update insurance coverage

07-12-2006, 06:41 AM
For business people some of the changes for trip insurance are really great. If you have to cancel your trip because your company has cancelled your vacation and is requiring you to work, or is now in a business/company merger and/or the business rendered unsuitable by a catastrophe and you can't take the trip, you are now covered under these trip insurance plans.

Originally posted by from Travel Weekly@ July 12, 2006
Two companies update insurance coverage, offerings

A new errors-and-omissions option for the travel trade is approved for sale in 32 states and the District of Columbia, according to the product provider Travel Professionals Insurance Network (TPIN) based in Shawnee Mission, Kan.

TPIN launched three products in May using the name Specialty Global Insurance Services, but rebranded almost immediately with a name more clearly tied to the travel professional.

The 32 states are Alabama, Arizona, Arkansas, Colorado, Connecticut, Delaware, Hawaii, Idaho, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Michigan, Minnesota, Missouri, Montana, Nevada, New Hampshire, New Jersey, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Utah, West Virginia and Wisconsin.

In the remaining states, where approvals are pending, agents selling more than $5 million a year can buy the coverage through a broker on a “nonadmitted” basis.

Meanwhile, Access America rolled out a new insurance plan called the Basics (in the Basics and Basics Family versions) which features the bare essentials of travel insurance coverage. The latter covers children for free and includes Family411, a source of information about family-friendly destinations.

It also announced improvements to existing plans including new covered reasons for trip cancellation and interruption for both the Classic and Deluxe plans. The new covered reasons are: legal separation or divorce, uninhabitable destination and work issues. The latter include being required to work, a business/company merger and/or the business rendered unsuitable by a catastrophe.

More information is online at Access America (http://www.accessamerica.com).