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.

Related Articles

Four Questions to Ask When Renewing Your Insurance Policy
By Eric Canup, Senior Vice President – Head of Flight Operations, Live Oak Bank

Enterprise Risk Management Series
Originally published in Business Aviation Insider

by Lou Timpanaro, Senior Managing Director, Aviation Department, Frank Crystal & Company

“Insuring the Bird”
by Brint Smith, ARM, John F. Throne & Co. Insurance Marketing, Inc.

by Stuart C. Hope Jr., CPCU, CAIP, Hope Aviation Insurance, Inc.

“Insurance Coverage for War Risks, Hijacking and Other Related Perils” (member PDF)
by Stuart C. Hope, CPCU and Eric W. Barfield, Hope Aviation Insurance, Inc.

Aviation Insurance Spotlight: Diminution of Value Claims
by Joseph A. Franceski, Juris Doctor and Managing Director, Marsh Aviation

“Are Independent Contractors Putting Your Operation at Risk?”
by Thomas K. Coughlin, AAI, Air-Sur, Inc.

“Extra Expense Coverage”
by Melissa Harder, Willis Global Aviation

“Beware Of The Fellow Employee Exclusion”
by Tom Chappell, Chappell, Smith & Associates, Inc.

FBO “Hold Harmless” Agreements Are Not Harmless (member PDF)
by Sue McKeon, Cooling & Herbers, PC