Choosing E&O Insurance? When Should I Get My Own IATA Number?

In episode 187, Steph Lee and Jennifer Dugan of Dugan’s Travels discuss a variety of topics this week, including E&O Insurance and when it’s a good idea to get your own IATA number! Here are the questions in all their glory: 1. I would like to hear the Pros and Cons and the best strategy on choosing a supplier for E&O insurance. –Diane D.2. Hello! I came across a blog and wanted to reach out as I am becoming more and more confused as I search. I am a 1099 contractor under a company with an IATA # I've been using to sell travel for approx 10 years. But my main business is wedding planning. I would like to earn commission on my hotel room blocks at 100%. For many reasons, but most hotels are capped at 7% so I am not gaining anything with my current travel partners volume. I do still want to sell travel under his IATA for Sandals, and most other trips that I book with TOs and benefit from higher commissions due to volume I would not have on my own.I do not sell air. Can I/ Should I get my own IATA # to book the hotels and non volume commission bookings and keep 100%. If so, can I continue selling under his IATA (I have my own IATAN card under his number for my own personal travel perks).Or is there another accreditation I could use just for hotel commissions (mostly Hilton and Marriott). I was reading about clia and arc and true... etc. I don't need a complex answer. But I'd love some direction. Thank you very much in advance! –AnonymousRESOURCES:Do Travel Agents Need Errors and Omissions (E&O) Insurance? (https://hostagencyreviews.com/blog/travel-agents-need-eo-insurance)What Is An IATA Number? (And How Do You Get It?) (https://hostagencyreviews.com/blog/iata-number)What is a CLIA Number? CLIA vs. ARC and CLIA vs. IATA (https://hostagencyreviews.com/blog/what-is-a-clia-number)Travel Agency Accreditation Options [Infographic + More] (https://hostagencyreviews.com/blog/travel-agency-accreditation)Belonging to more than one host agency: The pros and cons. (https://hostagencyreviews.com/blog/belonging-to-more-than-one-host-agency)Things to look for in your contract with your host agency (https://hostagencyreviews.com/blog/independent-travel-agent-contracts)Use HAR’s commission plan calculator: https://hostagencyreviews.com/blog/host-agency-commission-plan-comparison-calculatorMore on host agency relationships (and more) in our Hosted Travel Advisor Report. https://hostagencyreviews.com/page/travel-advisor-research-reports/Do Travel Agents Need Errors and Omissions (E&O) Insurance? (https://hostagencyreviews.com/blog/travel-agents-need-eo-insurance)Dugan's Travels LLC | Host Agency Reviewshttps://hostagencyreviews.com/friday15 (Submit questions, sign up for reminders for the F15, along with that week's questions we'll be covering!)