New Insurance Policies for Agents Benefit Travel Industry

New Insurance Policies for Agents Benefit Travel Industry

Tourism Cares, McGovern Associates and Nationwide Insurance to offer special travel protection for agents By: Emma Weissmann
Agents can take advantage of travel protection offered by McGovern Associates and Nationwide Insurance, in partnership with nonprofit organization...
Agents can take advantage of travel protection offered by McGovern Associates and Nationwide Insurance, in partnership with nonprofit organization Tourism Cares. // © 2015 Thinkstock

The Details

Nationwide Travel Insurance
www.travel.nationwide.com

Agents can now receive travel protection while simultaneously giving back to the community, with a new coverage package offered by travel insurance specialist McGovern Associates and insurance company Nationwide Insurance in collaboration with nonprofit organization Tourism Cares.

Under the plan, travel professionals can receive 12 months of travel protection that includes medical expenses, roadside assistance trip delays, baggage and equipment delays and accidental deaths.

The package, which was previously offered by Nationwide Insurance and McGovern Associates without the participation of Tourism Cares, sold approximately 1,000 policies in 2014. 

According to Bill McGovern, president of McGovern Associates, while most consumer plans can have premiums as high as $200, policyholders under this plan pay an annual premium of only $39. 

Additionally, agents can travel as many times as desired in the specified year, and an agent’s spouse and dependents are included in the annual premium.

“This plan is great for anyone who travels frequently, especially out of the country,” McGovern said. “Agents, tour operator employees, airline personnel and others have been very pleased. The primary feedback is, ‘How can the cost be so low for all the benefits of the plan?’”

McGovern’s relationship with Tourism Cares began in August. Now, a portion of the proceeds will benefit the nonprofit, which works with members of the travel industry to conserve and restore destinations.

Some of the company’s recent projects include “Tourism Cares for the Journey Through Hallowed Ground,” which involved volunteers planting hundreds of trees in Washington, D.C. and northern Virginia, as well as a Hurricane Sandy clean-up initiative.

“Our role [in this new partnership] is as a beneficiary of the cause,” said Mike Rea, president and CEO of Tourism Cares. “We’re absolutely delighted that this is out there. It’s good for us and for the industry.”

McGovern agrees. 

“We look at this product as a way to give back to the industry, with the hopes of educating travel professionals that they and their clients need these coverages while traveling,” McGovern said. 

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