The policy premium is based on a number of factors which may include: the nature of the travel services provided and insurance carrier’s assessment of the likelihood of a claim being brought and the potential severity of the claim, number of years experience, quality of internal controls, management procedures or training, professional certification, total annual gross receipts and claims history. There are also optional coverages that can be purchased for additional premium.

Coverage Limits
Limits in terms of minimums and maximums can vary and are typically calculated per occurrence with an annual aggregate. You can expect the higher your coverage limits, the higher your premium is likely to be.

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