Seller of Travel Surety Bonds, also known as Travel Agent Surety Bonds, are required for travel agents and agencies in order to protect their clients against potential acts of fraud and misrepresentation of services.
Travel agents are individuals and businesses that offer travel, vacation and tourist related packages and planning services in exchange for a commission or fee. These license and permit surety bonds guarantee that the funds received by a travel agent from their clients for booking purposes are properly transferred to the appropriate companies for processing, as well as the agent’s adherence to all applicable laws and regulations. The travel agent’s failure to transmit the correct payment to the appropriate companies, or failure to satisfy the agreed upon services, will result in a claim being filed against their Seller of Travel Surety Bond.