Hi all

I am preparing to launch my travel startup in CT. Its a travel-related product where we aim to conduct overseas tours for the customers.

I want to get advice on the type of insurance coverage the business should have, to cover any unforeseen incidents. And if there is anything we should mention in the contract when signing it with the customers.

Or if there is a startup/business lawyer that I should be discussing this with, please suggest if you know anyone.

Thanks in advance for your help.

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welcomebackjelly t1_j6g7bes wrote on January 30, 2023 at 2:31 AM

Talk to a lawyer dude. You need serious protection for a start up like this. Something Reddit can’t provide

oozle OP t1_j6gch3t wrote on January 30, 2023 at 3:06 AM

agree I need to speak to a lawyer...came here to see if I could any referrals. Thanks :)

Beccachicken t1_j6ft05o wrote on January 30, 2023 at 12:51 AM

Do you know how much it costs to airlift someone off a cruise ship in an emergency???

oozle OP t1_j6gchz4 wrote on January 30, 2023 at 3:06 AM

no clue :(

Beccachicken t1_j6ghd5i wrote on January 30, 2023 at 3:40 AM

Upwards of 30,000.00 for an airlift. And depending on the location, can go as high as 250,000.00 for an airlift. This is an expensive, risky industry.

oozle OP t1_j6kbjts wrote on January 30, 2023 at 10:54 PM

I agree, and hence want to cover all of my basis. Thank you for your messages :)

AhbabaOooMaoMao t1_j6g40y9 wrote on January 30, 2023 at 2:09 AM

Read the CT case involving a private school and tick bite risk for a trip to China.

https://casetext.com/case/munn-v-hotchkiss-sch-3

$41,000,000

oozle OP t1_j6gclk5 wrote on January 30, 2023 at 3:06 AM

whoa, that's scary :(

kebs34 t1_j6iszph wrote on January 30, 2023 at 5:14 PM

Hi there. You definitely should talk to a good lawyer and an insurance agent/broker with experience in international exposures.

Insurance-wise, at a minimum you need general liability insurance that will respond in all countries you plan to operate in, as well as auto liability insurance if you’re going to be transporting people in vehicles/buses. Property insurance for any property owned by the business (computers, etc.)

It would depend on how you structure your business as far as coverage for clients who get sick/die overseas and need to be transported back to the states or have their remains repatriated (as in, you could bake this coverage into your costs and provide it to clients, or you could require them to provide proof of their own travel insurance). Just something to think about.

But again, a licensed agent is the person to talk to about all insurance considerations. Operating in many countries can be very complicated.

oozle OP t1_j6kbnl2 wrote on January 30, 2023 at 10:54 PM

Thank you for your message. Yes I'm definitely reaching out to these folks. Cheers