Tour Operators and Travel Agents
Please contact our specialist Tour Operators and Travel Agents team who will be delighted to assist with your enquiry.
The product has been established over 25 years following the Package Travel Regulations in 1992 and we continue to strive to provide insurance, and to articulate our knowledge of the risks within this sector, to best assist our brokers and their clients.
Considerations for brokers and their clients may include:
- Determine an accurate split of tour operating, travel agency and true single component sales
- Profile of:
- Customers
- Destinations
- Activites, Transfers and Accommodation
- Suppliers, including Bed Banks
- Supplier insurance
- Local standards
- Supplier contract terms
- Booking conditions with customers should have been legally reviewed. Care should be taken to ensure that booking conditions don't adversely change the legal liability position of the proposer; for example: inadvertently creating a 'package'
- Claims handling capabilities of the Insurer, for volume and complex claims.
Our risk appetite includes:
- Travel Agents
- Tour Operators
- Risks able to provide accurate and detailed profile and supplier information
Examples of risk profiles which are OUTSIDE of our appetite:
- Poor control of supplier and/or customer contract terms
- Exposures in sanctioned and other high risk locations
- High risk activities and some types and locations of domestic travel
Proposal Form
File Size: 1.3MB
