IPP warns of liability threat from ATOL announcement

IPP warns of liability threat from ATOL announcement

The International Passenger Protection (IPP), the world’s largest provider of insolvency/default insurance products to the travel trade, has warned that no single fund or insurance could cover every travel transaction in the UK - and the trade should be wary of believing in a solution to include everything under ATOL. “There simply is not the capacity through any premium or fund, even if there were the potential cost would be exorbitant,” said IPP director, Michael Ward. “The only realistic solution is an informed sale leaving the consumer to benefit from the levy or be protected by their travel agent or tour operator through insurance.” However, the IPP has welcomed what they see as a step in the right direction in helping consumers make an informed travel purchase through the ATOL reform. “Albeit this proposal is only in initial consultation and is not expected to be implemented before the end of the year, IPP regard the CAA’s intention that agents must point out what is and what is not protected as a significant step in the right direction,” read an association statement.

Gary Marshall
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Gary Marshall
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