- introduction
- why come to tgic?
- who is topp suitable for?
- the process
- > links
- topp – a traveller’s perspective
- topp - credit card facility
topp
What is topp?
topp is a cost effective alternative to bonding which can cover all your holiday turnover
total payment protection (topp) is a per passenger insurance policy that enables travel organisers to meet their regulatory requirements (whether under ATOL Regulations or Package Travel Regulations) on a pay-as-you-go basis, rather than by a bond .
Why is topp different?
The advantages are clear - topp can cover your combined licensable (essentially flight inclusive) and non-licensable (non-flight inclusive) turnover under one policy.
It is equally suitable for travel organisers only wishing to cover either licensable or non-licensable turnover. Licensable turnover is covered through joining the Travel & General franchise. The Policy can also be extended to cover accommodation only sales and single element tour operating sales such as car hire, ski passes and ferry travel sales when sold by the travel organiser as principal.
As it is pay-as-you-go it is particularly flexible. topp premiums are payable only once the holiday sale has been transacted and are calculated on actual turnover. Premiums are paid monthly by direct debit. Please note that there will be a deposit taken at the outset and for low levels of turnover there may be an administration fee. You will need to project your turnover for the Policy period.
