Supplier Failure Cover
Protect your travel business with Supplier Failure Cover?
With the continued confusion surrounding protection on travel arrangements and the high number of suppliers failing, many travel companies are left exposed and in turn leave their customers without any financial protection.
Following the success of Supplier Failure Cover, Rock Insurance has recently introduced a new commercial product to offer added protection to travel agents and tour operators selling dynamically packaged holidays.
The benefits of Rock's Commercial Supplier Failure Cover include:
- Financial protection for travel companies - whilst the customer is covered in a number of ways i.e. ABTA/ ATOL/ Credit Card, travel companies are still exposed to Credit Card charge backs, ATOL non-payment & ATOL repatriation. Commercial SFC covers these.
- The cover can be adapted tp offer complete cover of all suppliers, cover for air travel only or cover for all non air travel suppliers.
- The policy has no excess.
- As the cover is for the end supplier's business it only attracts a 5% insurance premium tax as opposed to 17.5% for selling insurance products.
- There is no requirement to be FSA regulated to use this product.
To find out more about Commercial Supplier Failure Cover and how we can help you increase your insurance sales, call us on 0844 482 0660 or email us at info@rockinsurance.com