First off, intentional acts are not covered by E&O insurance. This kind of insurance won’t offer protection if a professional purposefully hurts a client. E&O insurance, for instance, won’t pay out if a financial advisor is charged with embezzlement because it was a purposeful crime.
Second, personal harm or property damage are often not covered by E&O insurance. General liability insurance frequently offers this kind of protection. General liability insurance is made to shield companies from lawsuits brought against them for causing property or physical harm as a result of their operations, services, or goods.
Fourthly, claims resulting from actions beyond the purview of the insured’s professional services are not covered by E&O insurance. E&O insurance, for instance, won’t offer protection if a real estate agent is accused of giving legal advice, which is outside the purview of their job description.
In conclusion, E&O insurance offers professionals essential protection, but it is not comprehensive. Professionals should be aware of the restrictions placed on their E&O insurance and, if necessary, pursue supplemental insurance, such as general liability insurance.
Another question is: what is covered by general liability? A company’s general liability insurance covers lawsuits that result from physical harm or property loss brought on by its goods, services, or operations. It also covers allegations of libel, slander, and false advertisement.
Are travel brokers governed in this regard? Travel agents are indeed governed. Travel agents must register with their state’s government and get a seller of travel license in the US. The Philippine Department of Tourism controls the activities of travel agencies.
What distinguishes tour operators from travel agencies in this context? Travel agents are experts that give clients guidance and support while they plan and reserve travel-related services including hotels, flights, and rental vehicles. On the other side, tour operators are businesses that plan and run excursions that include lodging, meals, and activities.
Where can I file a complaint about a Philippine travel agency? You can submit a complaint with the Department of Tourism in the Philippines if you have a grievance about a travel agency. They have a division called Consumer Protection and Advocacy that deals with grievances and conflicts involving travel agencies.
Yes, if you decide to cancel your trip, many travel agents charge a cancellation fee. The particular cancellation policy, however, may change based on the travel agency and the kind of trip you book. Before making any cancellations, it’s crucial to read and comprehend the terms and conditions of your trip reservation. Travel agents’ cancellation costs are often not covered by E&O insurance.