Liability insurance for travel agencies is essential to fulfill legal obligations stipulated by Article 17 of the Law on Tourism and Hospitality, and to protect both clients and the travel agency itself from potential financial losses due to non-fulfillment of agreed services or other forms of liability. We help you secure your agency in a simple and cost-effective manner while complying with legal norms.
What Does Travel Agency Liability Insurance Cover?
Travel agency liability insurance covers various risks associated with organizing travel, including:
Non-fulfillment of Contracted Obligations
Insurance covers damages that may arise if services are not provided in accordance with the agreement or if there are failures in the organization.
Liability to Third Parties
Covers damages caused to third parties, such as tourists and partners, due to actions or omissions of the travel agency.
Legal Costs
Includes coverage of legal defense costs in case of lawsuits or legal disputes.
Legal Obligation and the Importance of Insurance
According to Article 17 of the Law on Tourism and Hospitality, travel agencies are required to insure their liability to protect clients in case services are not provided as agreed. This insurance not only protects clients but also the agency itself from potential financial losses and maintains a high standard of professionalism and reliability.
Benefits of Liability Insurance for Travel Agencies
Protection of Financial Stability
Liability insurance helps preserve the financial stability of the agency by preventing large payouts in case of compensation claims.
Reputation Protection
Agencies that possess a good insurance policy are considered more reliable and professional, which can help in attracting and retaining clients.
Secure Operations
Knowing that potential risks are covered, agencies can operate with less worry and more security, allowing them to focus on business growth and development.
How Can Bromar Help?
Comparing Insurance Offers
Bromar uses its extensive knowledge of the insurance market to compare offers and find the most favorable options that meet legal requirements and the agency’s needs.
Customizing Policies
We understand that each travel agency has its specificities. Bromar helps you tailor the insurance policy to optimally cover all aspects of your business.
Expert Support and Consulting
Our team of experts provides continuous support and consulting to ensure that your insurance policy remains in line with legal changes and best industry practices.
