Travel Agent Bond Guide
Some states require sellers of travel to file a surety bond as part of the licensing process. Continue reading to learn how these bonds work with our complete guide.
Bond Overview
- Purpose: To ensure travel agencies handle funds appropriately
- Who Needs It: Travel sales agents, agencies and tour operators
- Required Amount: Varies based on annual income or funds held
- Premium Rates: Between 1% and 10% of the bond amount
What Is a Travel Agency Bond?
Travel agencies handle large sums of money that need forwarding to the actual companies providing services to travelers. A travel agency surety bond protects consumers and travel companies from agents who might try to take advantage of them through fraud or misrepresentation. It also protects funds if a travel agency goes bankrupt or closes unexpectedly.
If a travel agent fails to meet the bond obligations, harmed parties can file a claim for up to the full bond amount.
SuretyBonds.com is the industry’s top surety provider. We offer the best service, fastest delivery and most affordable travel agency bonds in the nation.
What Are the Bond Requirements for Travel Agents?
State-level government agencies usually require sellers of travel bonds. The bond terms typically hold travel agents responsible for the following obligations:
- Forwarding customers’ money to the correct parties
- Providing a legitimate range of travel options
- Making business decisions ethically and lawfully
Select your state below for more information about travel agency license and bonding requirements in your area:
We also issue USTOA indemnity bonds for Active Members of the USTOA $1 Million Travelers Assistance Program.
How Much Do Seller of Travel Bonds Cost?
Travel agent bond costs are a percentage of the bond amount. Your exact premium will depend on several factors including:
- The bond amount
- The term length
- Credit score
- Other financial credentials
The cost of a $10,000 seller of travel bond in California, Florida or Washington starts at just $100. Apply now for your free, personalized quote.
How to Become a Bonded Travel Agency
SuretyBonds.com provides the fastest and easiest path to becoming a bonded travel agent:
- Step 1: Once you know the exact bond amount you need, apply online.
- Step 2: Pay for your bond online or over the phone.
- Step 3: Receive your bond the same day!
- Step 4: File the bond with your licensing agency.
Getting a Travel Agency Bond With Bad Credit
Don’t let your financial situation keep you from getting the bond you need. Our Bad Credit Bonding Program helps us provide bonds for travel agents with lower credit scores.
Qualified applicants can also take advantage of our premium financing program which breaks up large bond premiums into smaller payments over time.
