About Us

---

The National Eco-Tour Operators Co-operative Ltd. is a legally registered co-operative business in The Bahamas with limited liability formed in 2016 by owners of small business tour operators specializing in nature, cultural and heritage tours to bring their resources together to achieve economy of scale to reduce their operational costs; to do joint marketing; to continuously provide updating training to members; and to contribute their community.

As a co-operative, its membership field is determined by its bond. This bond includes: owners and operators of nature, culture and heritage tour businesses (Associate Businesses with a current business license) anywhere in The Bahamas, their employees, and their immediate family who are Bahamians.

Public liability insurance to the value of $2,000,000.00 is required by cruise ship operators for those businesses they approve to sell their tours and excursions to their guests on their ships. This type insurance provides legal liability protection against litigation and injury to guests while on member tours/excursions. It covers guests on all tours of members, therefore, a valuable attribute to member businesses overall.

This two-million-dollar public liability insurance is available to members to cover their Associated Companies. Once a shareholder, members will need to pay their portion of the shared premium that is determined by the Board of Directors after receiving the renewal premium from the insurers annually in May. Members may purchase the insurance anytime during the year and their premium will be prorated up to six (6) months. Members of the co-operative can expect to pay 70% to 80% less than what they would pay if they were to take out this insurance individually.

A member must be affiliated as required with an Associated Business that has an annual turnover/sales of less than three hundred thousand dollars ($300,000.00) Members whose Associated Business reaches or surpasses the $300,000.00 threshold will be required to get separate public liability insurance, but may receive a discount from our carrier as being members of N.E.T.O. Co-op. Ltd.

To become a shareholder, persons within its bond are required to complete an application form, get the approval of the Board of Directors, and purchase two (2) qualifying shares at a par value of fifty dollars ($50.00) per share, plus pay a joining fee of fifty dollars ($50.00). That calculates to a total of one hundred and fifty dollars ($150.00) – that is:
$50/share x 2 shares = $100.00; plus, $50.00 joining fee.