Financial Failure Insurance

Any UK Tour Operator which offers a package holiday for sale irrespective of destination must comply with the 2018 Package Travel & Linked Travel Regulations. One of the most onerous responsibilities is the need for the tour operator to provide security for passengers’ holiday payments prior to and up to the completion of the package holiday, in the event of the financial failure/insolvency of the organiser/Tour Operator.

The Financial Failure Insurance product, unlike a trust account, will allow an operator to free up cash flow. We will also provide a logo and wording for your literature to confirm you have appropriate cover in place, putting your clients' mind at ease that they are protected at the time they pay for their holiday deposit and full balance.

As one of the market leaders in Financial Failure Insurance we can help you protect your legal financial obligations to your customers. We will provide marketing collateral showcasing your partnership with us, helping your customers have more confidence in your brand.

We are also in a Government steering group for Tour Operators Insurance and are therefore aware of the latest regulations and public information so we can help tailor your policies to meet your requirements.

Yes, we offer Travel Bonds to help you flexibly and safely make the most of your money. Our years of experience have given us detailed knowledge of Travel Bonds and related insurance risks, allowing you to focus on your clients. Speak to one of our specialist insurance advisers to find out more.