Professional liability insurance fund in the tourism services industry

Abstract

The article deals with the features of operation of professional liability insurance fund in the tourism services industry. The authors review the foreign countries’ practice and the Russian practice on travel insurance for tourists. Particular attention is paid to insurance activities of famous foreign assistance companies. The references to overseas experience for national insurance companies are made. Statistical data concerning the tourists travelling through Europe and their requests of insurance products. The authors point out that tourists’ low-level awareness characterizes the domestic travel insurance in Russia. The most significant provisions of amendments of the Law on the framework of tourism containing the new approach to respect for the tourists’ rights in overseas trip insurance are examined.