About VZR Garant

The most transparent and modern guarantee fund in the Netherlands. Our members are fully informed about everything we do. Ensuring that our guarantee scheme stays healthy.

  • All travel expenses paid are fully guaranteed

  • 335 member organisations

  • Complies with all legal requirements

About VZR Garant

Who and what is VZR Garant?

VZR Garant is a widely accessible and transparent guarantee fund enabling organisations to comply with the compulsory guarantee scheme required by the Package Travel Directive. This applies to both consumers and business travellers.

Established in 2019

Established in 2019

Protection for travellers has been an extremely important topic within the travel sector for many years now. So it is odd that the options for offering such protection are relatively limited. Added to this, the existing options are primarily geared towards the traditional travel sector. However, the changes to the Package Travel Directive in 2018 also affected many organisations outside this sector. These organisations also need a guarantee scheme that enables them to comply with their legal requirements and avoid any penalties.

VZR Garant was set up partly in response to calls from trade associations representing the interests of these organisations. Thanks to VZR Garant, organisations within and outside the traditional travel sector all have access to a collective guarantee scheme that meets their needs.

Collective scheme with transparency

Collective scheme with transparency

The VZR Garant guarantee scheme is a collective scheme, with all members making a contribution. Collective reserves are built up that can be used to cover any losses resulting from an insolvency.

These reserves remain the property of the members. VZR Garant’s collective guarantee scheme operates under a mutual insurance company, VZR Garant Onderlinge Verzekeringen U.A. The advantage of this construction is that each member organisation is entitled to contribute ideas about the strategy taken. The scheme also provides transparency, as each member has access to information about activities and finances.

We are delighted to welcome you to VZR Garant, the no-hassle collective guarantee scheme that offers you transparency!

Fair entry requirements and efficient assessment

Fair entry requirements and efficient assessment

Considering becoming a member of VZR Garant? Find out what entry requirements your organisation needs to satisfy. And how we assess this.

The entry requirements
To make sure the risks for the guarantee scheme stay manageable, all members have to satisfy the following criteria:

  • Solvency (equity as a percentage of total assets): ≥ 15%
  • Liquidity (current assets / current liabilities): ≥ 1
If our assessment indicates that these criteria aren’t satisfied, then a further assessment will be carried out and additional documents and/or securities may be requested. This always takes place in consultation with the business owner.

The assessment
For the assessment to become a member, you need to supply the following documents:

  • Annual figures for the last 3 accounting years, providing a balance sheet, profit and loss account and explanatory notes on these.
  • The ownership structure of the business.
  • Expected turnover and expected profits for the current year and the next two years.
  • For new businesses, instead of annual figures, please provide your business plan.
Each application for membership is assessed on the basis of the criteria stated above and the documents supplied.

If this presents a problem or you’re not sure whether your organisation qualifies, or you just want to talk to someone about this, get in touch with us on. Our specialists will be pleased to help you. Ask them about getting a quick scan. This brief check quickly assesses whether your application is likely to be successful and it won’t cost you anything.

The security offered by an approved guarantee scheme

The security offered by an approved guarantee scheme

VZR Garant complies with all the requirements set by DNB (De Nederlandsche Bank, the central bank of the Netherlands) and the AFM (the Netherlands Authority for the Financial Markets). VZR Garant operates within the exemption under Article 1f of the Financial Supervision Act Exemption Regulations, so it is not subject to the prudential supervision of DNB.

Read through the entire guarantee scheme.

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