Financial Failure Insurance – Frequently Asked Questions

As an approved body, ABTOT is often asked “what is the best way to comply with The Package Travel and Linked Travel Arrangements Regulations 2018 (UK Travel Regulations)?”

There is no one-size-fits-all ‘best’ solution – each option has advantages depending on the travel organiser’s size, programme, and ambition. The only constant is that every travel organiser packaging non-flight holidays must have some form of approved financial protection in place.

Once the underwriter has received all the required information, itl typically takes up to two weeks while they complete their risk assessment. If they have any queries, they will contact the applicant directly to discuss these and may request further information.

Yes, you can choose to move from FFI to a Travel Bond at the time of your ABTOT Membership renewal.

No, Financial Failure Insurance is a specialist insurance designed for the UK Travel Industry to meet the UK Package Travel Regulations and financially protect consumers’ money if their Travel Organiser fails. 

While standard travel insurance may include some coverage for trip cancellations or interruptions, it does not provide comprehensive protection for Travel Companies Insolvency.

Yes, FFI is an approved solution for travel organisers to provide insolvency protection and comply with the UK  Package Travel Regulations (PTRs. ) The policy we organise, topp meets the PTR requirements.

No, the Package Travel Regulations require businesses selling package holidays in the UK to have insolvency protection through ATOL for Flight packages.

Applicants can apply to the ABTOT ATOL Franchise for an ATOL and benefit from savings on application fees and reduced administration.