The law says your holiday must be protected if it is a package holiday.   ATOL (which stands for Air Travel Organiser’s Licence) is a UK financial protection scheme and it protects most air package holidays sold by travel businesses that are based in the UK.  For package holidays which do not include air, Financial Failure Insurance (FFI) is a scheme that will protect the customer in the same way.  Both schemes ensure that if a travel business ceases trading, the customers of the failed company are protected, and the relevant scheme will ensure that the customer can return home (if on holiday/tour) and will not lose their money if the business collapses prior to travel. TEAM Sports Travel is protected by ATOL and ABTA.