The United States Tour Operators Association (USTOA) requires all active members of the USTOA $1 Million Travelers Assistance Program to post a USTOA indemnity bond as financial security protecting consumer deposits and prepayments. At The ProSure Group, we offer a quick and easy bonding process. With partnerships with over 30 different surety carriers, our team of professional surety advisors can help you secure a USTOA indemnity bond at a competitive rate!
Get information, forms, or applications for a USTOA bond by calling one of our surety specialists or submitting your bond request online. Our surety agents will guide you through each step of our straightforward bonding process. Contact us today to learn more or request a free, no-obligation quote!
A USTOA indemnity bond is a type of surety bond required by the United States Tour Operators Association for all active members as part of the USTOA $1 Million Travelers Assistance Program. This surety bond is designed to protect consumer deposits and payments made on tour packages. Should an active member go out of business, suffer bankruptcy, become insolvent, or fail to issue refunds in a timely manner, the USTOA can file a claim against the bond to recover losses and reimburse affected consumers.
This bond is required for any travel company applying for or renewing an active membership in the USTOA $1 Million Travelers Assistance Program. A few common examples of businesses that may be interested in a USTOA indemnity bond include:
This bond must be maintained for as long as a company holds an active USTOA membership. Without this surety bond, or an accepted alternative like a U.S. Treasury bill or a letter of credit, a travel company will not be accepted as a member of the United States Tour Operators Association.
The exact cost of a USTOA indemnity bond, also known as the bond premium, is typically somewhere between 1% and 10% of the $1,000,000 bond amount. Several factors affect the bond premium, including the following.
Applicants with strong credit scores may pay as little as $10,000 for their bond premium. At The ProSure Group, we work with a vast network of surety companies to help you get the best rate possible.
Yes! At The ProSure Group, we believe all businesses should be able to pursue their goals regardless of their credit score. That's why we offer a bad credit bonding program for applicants who have had financial problems in the past. While strong credit scores may help secure a lower premium, you can still qualify for a USTOA indemnity bond with poor credit — and our team can help get you the best rate possible! Contact us today to learn more about how we can help!
With thousands of bonds issued, over 20 years of industry experience, and partnerships with more than 30 different surety carriers, you can trust The ProSure Group to help you secure your USTOA indemnity quickly and at a competitive rate. Our team will work with you closely and compare options across our network to find the best prices and terms on the market. Whether you're applying for USTOA membership for the first time or renewing your bond, we offer a quick and easy bonding process! Contact us today to learn more or fill out our online form to request a free, no-obligation quote!