Broker Marcus Hearn & Co has launched an updated version of its scheduled airline failure insurance.
It says it is relaunching this following 11 September in order to protect clients at a time of great uncertainty and financial pressure for carriers.
The policy insures agents against the cost of refunding tickets in the case of a scheduled airline liquidation or bankruptcy.
Agents' clients are also protected in the event of a scheduled carrier failure.
The broker says that interest in the cover has dramatically increased recently.
The cover is approved by the Civil Aviation Authority (CAA)and the Association of Airline Consolidators.
Managing director Jeffrey Klipp said: "Taking out a policy of this nature is the most straightforward way for an agent to comply with the CAA's stated requirements for protecting passengers in the event of airline failure.
"Our wording has been approved by the CAA and the cost is low enough to make it a must for every agent selling a scheduled airline seat."
