Financial Risk Services
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Financial Risk Services
The Travel Industry
Companies in the travel industry will be familiar with the requirement to provide financial security to their customers. These requirements arise under regulations or from various trade bodies who require bonds including:
- Air Tour Operators Licence (ATOL) regulations - as required by the Civil Aviation Authority, or the Civil Aviation Regulator (CAR) in Ireland
- Association of British Travel Agents (ABTA) - both retail and tour operators
- International Air Transport Association (IATA) - to protect BSP payments
- Other trade associations who require members to provide or participate in bonding including ITMA, AITO, BCH (CPT) & ABTOT
- Transport providers including airlines and rail companies
- The Package Travel, Package Tours and Package Holidays Regulations 1992 - generally known as the "Package Travel Regulations". These Regulations require Organisers to provide bonding, insurance other financial security in respect of customers' advanced payments.
Bonding & Insurance
We are an established specialist broker in this field, and are one of only a handful of brokers recognised by the CAA.
So consult us if you need:
- Bonds for ATOL, ABTA, IATA etc.
- Package Travel Regulations bonds or insurance
