Towergate Chapman Stevens are one of the market leaders in
insurance products for the travel industry.
Financial Failure Insurance
The Package Travel Regulations came into effect in the UK on 1st
January 1993 and the legislation imposes certain responsibilities
on all operators of Inclusive Package Holidays.
One of the most onerous responsibilities is the need to provide
security for passengers' holiday payments prior to and up to the
completion of the Package Holiday in the event of financial failure
of the Organiser.
Key Features of Financial Failure Insurance
- Low cost cover from 99p per passenger
- Logo recognition promoting customer confidence
- No large "up front" payments
- Trouble free certificates
- No monthly declarations
- Decision/acceptance within 48 hours
Travel Bonds
Tying capital up in bank bonds can be prohibitive to travel
company's growth but bonding by insurance can be an easier way of
meeting regulatory requirements and offers flexibility including
mid-term adjustments.
Towergate Chapman Stevens can quote for most types of bonds
including:
- ABTA
- AITO
- ATOL
- BCH
- CPT
- IATA
Key Features of Travel Bonds
- Access to the most competitive and experienced markets in the
UK
- A great understanding of the industry
- One of the most professional teams in the industry
- Superior product knowledge
- Policies to fit businesses individual requirements