A Guide to Seller of Travel Bonds
We are legally licensed to issue travel agent bonds in every state. Whether you work for a travel agency in Florida, California, Iowa or Washington, we can bond you!
Travel agents handle large sums of money that must be forwarded to the actual companies providing services to travelers. For this reason, government agencies in many states require that travel agents purchase bond insurance before being licensed. With a surety bond in place, consumers and their travel companies are protected from travel agents who might try to take advantage of them. The our experts know that surety bonds can be confusing, so we’ve developed this guide to bonding for travel agents.
State Specific Costs
Travel agent bond costs and requirements vary greatly as the bond amounts and regulations surrounding each license are established on a state level. Select your state below for more information about travel agency bonds in your area.
Pay a Low Rate for Your Travel Agent Bond
Our surety experts are brokers, which means they’ll shop your travel agent bond around with multiple underwriters to get you the best rate available. Qualified applicants can even take advantage of our Premium Financing Plan that breaks up bond premiums into smaller, more manageable payments.
Your exact premium will depend on a number of factors, such as:
- the bond amount
- the bond duration
- your financial credentials
Bad Credit? No Problem! We Can Help
Because we believe every applicant should be able to get the bond they need, we sponsor a Bad Credit Bonding Program. We work with underwriters who specialize in writing travel agency bonds for applicants with less-than-stellar credit scores. This means we can approve 99% of applicants regardless of credit history. Don’t let your credit score keep you from getting the bond you need.
Learn More About Seller of Travel Bonding
These types of bonds are usually required by government agencies that regulate travel agents at the state level. The legal language found on these forms typically requires that travel agents:
- forward customers’ money to the correct parties appropriately
- provide customers with a legitimate range of travel options
- make other business decisions ethically and according to law
If a travel agent fails to fulfill his or her tasks according to the bond’s obligation, a claim can be filed against the bond to access the funds owed. If the claim is found to be valid, the bond amount can be used to pay the company or consumer to whom money was due. Failing to get bonded according to law can have considerable financial consequences not only for travel agencies but also consumers. If you work as a travel agent, make sure you comply with your state’s surety bond requirements at all times.
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