SafeTree introduces a unique Tour-Operators Liability Insurance Plan for IATO Members.
Liabilities against service providers are increasing and policy makers are introducing statutes for protection of customers globally. Tourism industry is no different and Tour- Operators are also exposed to increasing potential service claims both nationally and internationally.
European Tour-Operators follow the European Package Travel Directive, 2018 / other regulatory directives for package travel and travel arrangements, which protects the travellers’ rights when they book package holidays. These rights include cancellation, liability, repatriation, and refunds.
Such regulations have increased the compliance burden on Tour-Operators globally. Furthermore, the customers are more demanding today and with customer friendly judgements, Tour-Operators need comprehensive protection to manage defence costs and settlements to avoid significant business disruption and potential financial losses.
To protect Indian Tour-Operators, SafeTree along Indian Association of Tour Operators , has develop a comprehensive Liability Insurance Plan which provides maximum protection to IATO members at a reasonable cost. This plan has been underwritten by India’s leading private general insurance company.
On the launch of this proposition, Mr. Rajiv Mehra, President - Indian Association of Tour Operators (IATO) said “this product proposition has been developed by a specialist team from Insurance and the travel industry. Such protection has been demanded by our members and we thank SafeTree for developing a comprehensive insurance product as this is a critical need for Indian travel industry.”
The Tour-Operator's Liability Insurance Plan is designed to protect Tour-Operators from financial losses resulting from claims made against them for bodily injury, adventure activities, property damage, or other liabilities arising out of their operations. This type of insurance typically covers a range of risks associated with organizing and conducting tours, such as accidents during transportation, injuries or damages that occur during activities included in the tour, and potential legal expenses incurred in defending against claims.
Mr. Vikas Anand , CEO - SafeTree , highlighted that at SafeTree we understand the unique needs of Indian Tour-Operators, operating in complex and dynamic environment and have tailored this proposition to provide comprehensive protection irrespective of the size and scale of business.
Coverage under a Tour-Operator's liability Insurance Plan include:
1.????? Errors and Omission - Protects the Tour-Operator against allegations of negligence with respect to professional services resulting in client suffering harm or loss.
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2.????? General Liability - Protects against claims or lawsuits for bodily damage or property damage.
3.????? Non-owner of hired automobile Liability - Coverage for bodily injury or property damage claims arising from surface transport transfers in city or inter-state.
4.????? Legal Defence - Expenses for hiring legal representatives.
5.????? Medical emergencies - Covers the emergency medical first aid expenses for client.
6.????? Animal and boat rides are covered
7.????? Adventure Activities - Jungle safari, river-rafting, hiking/ walking, cycling, trekking, motor-biking.
Mr. Bawa Mohit Singh , Head – Marketing & Corporate Communications stated that with the changing regulatory environment, it is imperative for every Tour-Operator to have their liability insurance policies in place and our proposition fulfils the needs of Tour-Operators. We have an experienced team to meet all servicing and claims requirements.
To know more about the Tour-Operators Liability Insurance Plan, visit ?Buy Tour-Operator Liability Insurance in India | SafeTree or email Mr. Bawa Mohit Singh at [email protected] and Mr. Akarshit Sonkar at [email protected] to take discussions forward.