All travel agents must post a seller of travel bond due to the fact that they handle large amounts of money that must be delivered as payments to the companies providing services for the traveler. If a travel agent fails to forward funds to the appropriate company, the bond allows the company to regain its losses by filing a claim against the bond. If the claim is found to be valid, the travel agency will be responsible for paying the company to whom money was due.
The bond is to protect your clients from any harm or wrongdoing by your company. If they feel you have wronged them in a financial matter they can file a claim with your surety company. The claim will be researched and if the surety company pays out, you must pay them back.
Surety1 has access to the best surety markets available so we will be able to get you bonded quickly at the best possible price!