Published by Zeb BhamTravellers need to protect themselves against the risk of corporate failure when planning a trip abroad, the European Regions Airline Association has claimed.Commenting in response to the failure of Herts-based Allbury Travel, Simon McNamara, director of industry affairs at the organisation, said that while ultimately responsibility to protect oneself against the risk of business failure lies with the individual, regulations and industry accords also have a role to play in minimising the damage done by the collapse of airlines and tour operators.Mr McNamara added that checking insurance policies carefully may prove invaluable for those left stranded overseas after a business failure."The only thing we can advise customers to do is to ensure they have a comfortable level of insurance against delays, lost baggage, the collapse of firms, an accident – just make sure that you are protected against any eventuality," he urged.Holidaymakers planning a trip abroad may also benefit from searching for the best available deals on foreign currencies prior to travelling. For competitive rates and commission free travel money, visit our Travel FX site