Insurance & Risk Management
The purchase of insurance protection against financial, damage and injury losses resulting from aircraft and/or airport operation accidents is a decision to be made after thorough discussion with insurance consultants and the company's legal department. The aviation department manager and those responsible for handling the company insurance should remain in close communication during preparations and negotiations for any aviation-related insurance contracts. The basic coverage in the aviation insurance market are physical damage to the aircraft (hull insurance), aircraft liability insurance and airport liability (premises) insurance.
News
In Light Of Wall Street Developments, Aviation Insurance Underwriters Provide Information to NBAA
- September 24, 2008
The turbulence of Wall Street and the financial markets has raised questions among policy-holders with respect to aviation insurance coverage. While aircraft owners should work closely with their aviation insurance broker on any questions about policies and coverage, the industry as a whole remains sound. The following statements have been provided to NBAA by separate aviation insurance underwriters:
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