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In order to trade as travel provider, you need some travel bonding in place. This type of financial security not only protects your customers, but it is also a requirement of many industry groups.
The main types of travel bonds are:
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ABTA travel bonds - for agents and tour operators,
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ATOL travel bonds - ATOL registered companies selling holidays which include air travel need to provide the Civil Aviation Authority with a bond.
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IATA travel bonds - which protect payments under BSP.
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Travel bonding for trade associations - such organisations often require members to produce a bond. This means even companies selling accommodation or travel by rail, coach or ferry need travel bonding protection.
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Bonds can be arranged through lump sums or in some cases through trust funds or insurance policies.
But it's a complex area and, given the amounts that you potentially need to cover, it is important to make the right choice.
Let us do the legwork for you. We offer a whole-of-market search to find you the best travel bonding quotes and arrangements from specialist suppliers. And we can advise you on your best options, whether you are a large multi-national or a small retailer.
All you have to do is pick the most suitable solution.
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