If you need to pay suppliers from Trust before your customers travel, PTS have Supplier Failure Insurance and Scheduled Airline Failure Insurance policies to allow this.
These insurance policies in favour of the Trust Account ensure that payments to suppliers are Package Travel Regulation Compliant.
Public liability and tour operator’s liability insurance cover should be discussed with an insurance professional when operating a travel business.
Employers liability insurance is also required when employing staff.
These policies and all other forms of insurance you may wish to discuss are accessible through our insurance partners, who offer preferential rates to our members.
Like the Trust Account, making sure you have the right insurances in place is crucial to protect your business.