Experts Offer Tips to Mitigate Insurance Rate Hikes

Nov. 11, 2019

After several years of relatively low premiums, high limits and generally easy access to coverage, business aircraft owners and operators now face steep hikes to their insurance premiums. But, there are ways for conscientious operators to ease some of that pain. “Training, going forward, is going to be a 12-month essential part of insurance underwriting,” said aviation insurance broker Lance Toland. “Groom yourself to look better in front of the underwriters.” David Norton, an aviation attorney with Shackelford, Bowen, McKinley & Norton, LLP, said operators need to make sure they have the training called for under their contracts, and remember that the insurance carrier has flexibility in what they will and won’t cover.

In this episode of NBAA Flight Plan, host Dave Elliott speaks with:

  • Lance Toland, aviation insurance broker
  • David Norton, aviation attorney with Shackelford, Bowen, McKinley & Norton, LLP

NBAA Flight Plan is sponsored by Schedaero, the software that elevates your flight operations.

Podcast Episode

August 16, 2022

Bolen: ‘Genuine Progress’ on Sustainable Fuels With Signing of Inflation Reduction Act Into Law

NBAA President and CEO Ed Bolen welcomed President Biden's signing into law of the Inflation Reduction Act of 2022 that includes an NBAA-championed blenders tax credit for producers of sustainable aviation fuel.
Read More

August 15, 2022

Podcast: Redefining NBAA Advocacy at the Regional Level

Since 1998, NBAA’s regional representatives have provided a vital link between the association and local and regional business aviation stakeholders on matters affecting the industry. Recently, NBAA rebranded their role as regional directors to better reflect how their jobs have evolved.
Listen Now

August 11, 2022

NBAA News Hour: Veteran Analysts See Change, But Continuing Strength in Marketplace

In the latest edition of NBAA News Hour, four of the industry's top analysts discussed factors driving the still-robust market for business aircraft, while also pointing to trends that could impact sales and flight activity.
Read More

August 8, 2022

NBAA Welcomes Senate Bill’s Provision Promoting Sustainable Aviation Fuel Development

NBAA welcomes the inclusion of an NBAA-championed blenders tax credit for producers of SAF, as part of the Inflation Reduction Act of 2022.
Read More