Travel Bonding FAQs
What will happen to my bonding if I sell more holidays than I have projected?
ABTOT will monitor this via your quarterly declarations. If you exceed your original projections we will review to see if a variation or a ‘top up’ to your original bond is required to ensure you remain compliant with the Regulations. If this is the case, variation terms will be prepared by ABTOT and Travel & General Insurance who underwrite the bonds.
Can I receive a refund on my bonding costs if I sell less than I predicted?
The bond amount and premium paid is fixed and cannot be reduced until renewal where a replacement bond is provided based on new 12-month forecasts and full underwriter assessment.
Can I switch from FFI to a bond later?
Financial Failure Insurance policies are renewed on an annual basis. At your next renewal you can request to be moved to a travel bond.
Ready to protect your customers and simplify compliance?
Our team will guide you through every step — from assessing your business model to arranging your bond.
Call 0207 065 5313 or email enquiry@abtot.com to get started.
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