Bond for travel agencies: guarantees and insurances
It ensures contractual obligations and protects consumers.
The bond insurance for travel agencies is a legal requirement that ensures compliance with contractual obligations, protecting consumers and administrations.
Bond insurance for travel agencies is a type of mandatory insurance required by autonomous communities. Its main objective is to guarantee the contractual obligations assumed by travel agencies in their daily activities. This insurance acts as a guarantee against the commitments made, protecting consumers and the Administration. The regulations governing the activities of travel agencies are set out in the Order of April 14, 1988, and in the specific regulations of each autonomous community.
Highlights
Advantages of Bond Insurance for Travel Agencies
Does not accumulate banking risk
It is not included in the Central de Información de Riesgos del Banco de España (CIRBE), which does not affect the credit capacity of the company.
Guarantees for more than 5 Years
Possibility of obtaining guarantees with a term exceeding 5 years, providing long-term stability and predictability.
Without pledge of amount
It does not require the immobilization of capital, allowing for better management of financial resources.
Fast and cost-effective
It provides a faster and more cost-effective solution than other forms of financial guarantee, optimizing cash flow and reducing operational costs.
Coverages
It covers the guarantees assumed by travel agencies in the exercise of their activity, protecting consumers and the Administration.
Bond for travel agencies: guarantees and insurances
How can we help you?
Contact your specialists for Bond for travel agencies: guarantees and insurances
Frequently asked questions
Who takes it out?
This insurance is aimed at:
Travel Agencies: Any travel agency, whether retail, wholesale, or retail-wholesale, registered and authorized to operate under current legislation.
Transport Companies (BUSES): Companies that acquire service contracts for transport, especially for bids before public administrations.
The policyholder is the awardee, who must meet the legal requirements to bid or present themselves for the award of a concession.
How do I take an insurance?
Getting a bond insurance for travel agencies is a simple and efficient process using our Avalesnet tool. You can obtain your guarantee in approximately 48 working hours, as long as you complete our questionnaire and submit the required documentation.
Steps for Contracting:
Complete the Questionnaire: Fill out our online questionnaire with the necessary information about your company and your activity.
Prepare the Documentation: Make sure to have all the necessary documentation ready, such as registration in the travel agencies register, recent financial statements, and any other required information.
Submission and Review: Once you submit the questionnaire and documentation, our team will review your application to ensure it meets all legal and regulatory requirements.
Issuance of the Insurance: Once your application is approved, we will issue the surety bond and send it to you so that you can fulfill your obligations quickly and efficiently.