Travel Business Insurance

In the world of travel, the terms SAFI (Scheduled Airline Failure Insurance) and SFI (Supplier Failure Insurance) are quite prominent but are often used interchangeably, yet they represent very distinct forms of financial protection that travel businesses may take into consideration as separate entities. Understanding the differences between SAFI and SFI is crucial for travel…

There are two insurance policies that PTS has arranged in favour of the Trust Account to allow you to pay suppliers in advance. These are Supplier Failure Insurance and Scheduled Airline Failure Insurance. Supplier Failure Insurance allows you to pay suppliers in advance of your customers travelling using the customer funds in the trust account.…

Very often, consumers assume or are led to believe that insurance for travel is exclusively for travelling abroad. This is not the case. Though domestic travel does not need cover for medical costs, it is still a valuable asset. However a consumer becomes misinformed, it is important for travel businesses working in domestic travel to…