INSURANCE AS A FACTOR IN THE DEVELOPMENT OF TOURIST ACTIVITY

Abstract

Tourism and insurance have been interrelated since the origin of the term "tourism" throughout history to the present day. Without insurance, tourism as an activity would not be able to provide users with an adequate and safe service. Various types of insurance are of great importance for the development and progress of the tourism industry and tourism in general. Insurance contributes to the satisfaction of the interests of two entities: firstly, tourist agencies (to fulfill the legally prescribed conditions for obtaining a license), and secondly, users of tourist services (to provide assurance that their eventual claims are collectable within the legal framework). There are many risks in the insurance of tourism activities that must be properly analyzed, "covered," and minimized with appropriate insurance methods.