Tour operator and tourism package seller obligation insurance
If you are a travel operator, tourism package seller you are probably aware that the obligations ofyour activities must be covered by a surety insurance. Under the insurance contract, we will compensate third parties (tourists) for losses caused by your failure to fulfil your obligations as a travel operator or tourism package seller under the contract with the tourist.
Surety insurance for
tour operators and tourism package sellers
Are you a tour operator, a tourism package seller or want to become one? The Republic of Lithuania Law on Tourism stipulates that the obligations of a tour operator or tourism package seller must be covered by a surety insurance– every tour operator and tourism package seller must conclude a surety insurance contract with an insurance company.
Why to choose ERGO insurance?
Years of experience in the market
We have extensive experience in providing tour operator surety insurance services
Focus on customers
We offer exclusive, personalised solutions to meet your needs
Comprehensive insurance services
We offer a wide range of insurance services
An insured event is a failure of a tour operator to fulfil its obligations for any of the following reasons:
- withdrawal of a tour operator’s certificate;
- insolvency;
- opening of bankruptcy proceedings;
- a failure to provide the service and to reimburse the amount paid for the tourism service contract.
Insurance options
Tour operator – local tourism / inbound tourism
If you are a tour operator and are engaged only in local tourism or inbound tourism, the sum insured must be at least EUR 3,000.
Tour operator – outbound tourism
If you are a tour operator and are engaged in outbound tourism or inbound tourism, the sum insured must be higher of the following:
(a) the amount of the performance security set out in paragraph 1 or 2 of this table;
(b) EUR 200,000 in the case of travel by charter flights;
(c) 7 per cent of the sum of the tour operator’s receipts from the sale of trips under all the contracts concluded for package travel for the last preceding and last four consecutive quarters;
(d) the amount of revenue received by the tour operator in respect of all contracts for package travel that have been concluded and are still outstanding.
Tour operator – outbound tourism; inbound tourism
If you are a tour operator and are engaged in outbound tourism or inbound tourism, the sum insured must be higher of the following
Tour operator – outbound and inbound tourism; outbound and local tourism; inbound and local tourism; outbound, inbound and local tourism
If you are a tour operator and carry out the activities of an outbound and inbound tourism, an outbound and local tourism, an inbound and local tourism, or an outbound, inbound and local tourism, the amount of the security shall be calculated in accordance with the table set out in paragraph 3.
20+
countries across the ERGO Group
1200
team members in the Baltics
640 000+
customers in the Baltics
90+
products
