You must obtain an ARC bond for your travel agency to guarantee payment to airline carriers. If you do not forward payments for air travel that you collect from customers to the appropriate airline, a claim can be filed on your bond. If you would like to learn more about what surety bonds are and how they work, you can read our detailed guide here.
When it comes to surety bond insurance, there is safety in numbers. As the largest volume surety bond writer in the country, we are able to obtain the lowest rates from the strongest bonding company partners.
Are these similar to travel agent bonds?
Yes. However, they are not the same. Travel agency bonds guarantee all of the agencies bookings, whereas ARC bonds are limited to airline bookings only. ARC bonds are required by the Airlines Reporting Corporation while travel agent bonds are required by various states. Therefore, depending on location, it is possible for a travel agency to be required to post both bond types.
Can I get this bond without collateral?
Yes. We have specialty markets that most other agencies do not have access to. Fill out our ARC bond application and get a collateral free bond quote.
Can anyone qualify for an ARC bond?
No. Surety bonds are not insurance and several high risk bond types such as ARC bonds do not have options for those with bad credit.
Are ARC bonds considered a high risk bond?
Yes. Since they guarantee the transfer of funds their risk is higher than most other miscellaneous bonds. This makes them not only harder to qualify for, but makes their terms less appealing than other surety bonds.
Is this related to the ARC Bond Farm Credit Program?
No. The Farm Credit Program is setup to help finance rural community projects and is not a surety bond, nor is it related to the Airlines Reporting Corporation.
What if a false claim is filed?
You must contact us immediately, as we have a team of claim specialists here to find a resolution for you. Keep in mind, it is crucial that you work with an expert in the surety industry. Learn more about how to ensure you choose the proper bond company.
We are a family owned and operated agency established in 2003. We started with just two people, and grew to become the largest volume bond producer in the nation with 50+ employees. Since day one, our team focus has been on providing real-time online quotes, an easy process, and the best in claims defense. Learn more about our company.