One of the easiest ways to fatten up your bottom-line is to offer travel insurance to your travelers. Whether you provide it as an opt-out option for your tours or simply provide the applications along with the reservation documents, commission on the premiums can add up fast.
Kevin Herlihy of Travel Insured International, Inc., reminds us that commissions can range from 20% and up.
TourTech Systems has been working with TII to make it easier for our clients to take advantage of the profit opportunities. If you have looked at travel insurance policies lately, you know that calculating the premiums can be a bit complicated. There are dollar ranges for the amount of coverage as well as ranges based on age. We have created a calculation engine in TourTools that manages the premium calculation for your packages. We have also added programming to simplify the opt-in or opt-out process for each booking, keep track of all the details and generate the required reports in print or Excel format.
For more information about TII’s range of travel insurance products contact Kevin at 1-800-243-3174 ext 134. For more information about how TourTools can manage the sale of insurance coverage for your tours please contact us at 1-866-967-0145, ext 301.