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.

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