Financial Failure Insurance. Whilst the Trust Account route may sound favourable it is somewhat cumbersome in that there is a detrimental impact on your cash flow as all monies must be paid in to the Trust Account and can’t be released until the trip has returned home. This in effect means payments to suppliers and hoteliers must be met by you or your association. Additionally, the Trust Account must be administered by an Independent Trustee, unconnected with the Group Organiser. Towergate offer a pay as you go scheme that is approved by the DTI and ABTA. The scheme offers full repatriation cover if passengers are stranded at resort and offers full re-imbursement of lost monies in the event of liquidation insolvency. Further information relating to Financial Failure Insurance can be obtained from Sam Sciortino at Towergate Chapman Stevens on 01932 334142 or alternatively by email: Towergate Insurance and Towergate Chapman Stevens are trading names of Towergate Underwriting Group Limited. Registered in England No. 4043759. Registered Address: Towergate Eclipse Park, Sittingbourne Road, Maidstone, Kent, ME14 3EN. Towergate Underwriting Group Limited are authorised and regulated by the Financial Conduct Authority
Financial Failure Insurance. Whilst the Trust Account route may sound favourable it is somewhat cumbersome in that there is a detrimental impact on your cash flow as all monies must be paid in to the Trust Account and can’t be released until the trip has returned home. This in effect means payments to suppliers and hoteliers must be met by you or your association. Additionally, the Trust Account must be administered by an Independent Trustee, unconnected with the Group Organiser. Towergate offer a pay as you go scheme that is approved by the DTI and ABTA. The scheme offers full repatriation cover if passengers are stranded at resort and offers full re-imbursement of lost monies in the event of liquidation insolvency. Further information relating to Financial Failure Insurance can be obtained from Sam Sciortino at Towergate Chapman Stevens on 01932 334142 or alternatively by email: Towergate Insurance and Towergate Chapman Stevens are trading names of Towergate Underwriting Group Limited. Registered in England No. 4043759. Registered Address: Towergate Eclipse Park, Sittingbourne Road, Maidstone, Kent, ME14 3EN. Towergate Underwriting Group Limited are authorised and regulated by the Financial Conduct Authority