End supplier financial failure
Never has it been so vital for Principals/Tour Operators and travel agents to financially protect themselves for end suppliers that they arrange for customers such as airlines, hotels, car hire etc. If you are putting together a package for the public under the package travel regulations you are financially liable for the failure of any part of the services you provide. Even if you do not refund a customer for a failed end supplier and the customer claims on their credit card there could very likely be a charge back made to you by the credit card company if you took payment for the services by the customers credit card.
IPP's End Supplier Financial Failure Cover provides the Principal/Tour Operator with an annual policy covering the financial failure of any declared and agreed end supplier. Here are some typical end suppliers:
- Scheduled airlines
- Hotels
- Car ferries
- Villas abroad & cottages in the UK
- Railway journeys (including the Eurostar)
- Coach journeys
- Cruises not bonded
- Car hire
- Caravan sites / campsites / mobile homes
- Camper rental
- Safaris
- Excursions
- Euro tunnel
- Theme parks such as Disneyland Paris.
End supplier financial failure insurance downloads:
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