Travel Guarantee Fund (GFG): insolvency insurance for travel professionals.

What is the Travel Guarantee Fund (GFG)?

The Travel Guarantee Fund (GFG) is an organization that provides insolvency insurance for travel professionals. In practice, it helps ensure that travelers are protected when a tour operator or reseller runs into financial trouble.

This is relevant for travel professionals because some form of insolvency protection/guarantee is usually legally required.

Who is this useful for?

• You want to start a travel agency (as a tour operator or reseller).
• You are already active as a travel professional and want to insure yourself against financial inability to pay (in line with legal obligations).
• You want to show customers that you are a reliable travel partner (label/trust).

What does GFG offer (according to their website)?

1. Insolvency insurance
   1. Protection in case of financial inability to pay (insolvency).
2. Screening & follow-up
   1. Your organization is screened upon application and annually (solvency and liquidity).
3. Advice
   1. Independent and confidential advice from experts.
4. Intervention in case of bankruptcy
   1. Fast and efficient support so travelers can be informed correctly and the impact remains limited.

How do you become a member / request a quote?

On the page for travel professionals, you can request an insurance quote via their online form (for companies/associations or for self-employed professionals) and submit the requested documents electronically.

Link

https://gfg.be/nl-be/home-professional/