For travel agencies, this surety bond protects clients by ensuring the company will handle their funds properly to purchase elements of the itinerary and other agreed upon costs.

1. Travel Agency Bond
For travel agencies, this surety bond protects clients by ensuring the company will handle their
funds properly to purchase elements of the itinerary and other agreed upon costs.
PRESENTED BY:

2. What is a Travel
Agency Bond?
Many people today enjoy planning their vacations with a travel
agency.
Many states require a travel agency to obtain a bond before they
can become licensed to work with the public.
This offers an assurance to the state agency as well as travel
agency clients that the money they are investing into a dream
vacation is used appropriately.

3. What is a Travel
Agency Bond?
The travel agency is responsible for putting together vacation
itineraries for clients with the money that they receive.
Failing to do so through mishandling of funds or deliberate fraud
leaves the client without a dream vacation or the money needed
to plan another one.
Having this bond means that the client is protected.

4. 3 Parties Involved:
A travel agency bond is a type of surety bond. With all surety bonds, there are three key
entities: the principal, the obligee, and the surety.
The individual or business
that needs to have a travel
agency bond.
PRINCIPAL
The state agency that requires a
business to purchase the travel agency
bond before becoming licensed.
OBLIGEE
The company that guarantees that the
principal will meet the terms of the
bond.
SURETY

5. The cost of a Travel
Agency Bond
Each state determines the coverage requirements for travel
agency bonds.
You will pay a small percentage of that amount as a premium to
the surety company.

6. https://suretybondauthority.com/travel-agency-bond/
SOURCE:
800-333-7800
www.suretybondauthority.com