Insurance contract and protection of travellers against insolvency of package travel organisers

Tourism is accompanied by numerous risks which could cause damage not only to travellers, but also to other persons who are directly or indirectly involved in tourism activities. The efficient way to reduce the risk is to transfer the risk to the other party by entering into an insurance agreement. There are different types of insurance in tourism, such as: travel insurance, tour operator liability insurance, public liability insurance, professional indemnity insurance, travel guarantee insurance. The article will provide a comprehensive overview of the concept, constitutive elements and types of insurance contract as well as legal analysis of the specific rules related to travel guarantee and protection of travellers against insolvency of package travel organisers. The aim of the article is to make an overview and assessment of the relevant insurance law rules and consumer protection law rules de lege lata and de lege ferenda, with the particular reference to the rules adopted at the national and EU level, including the on-going revision of the Package Travel Directive 2015/2302/EU.