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

February 28, 2024

NBAA Flight Plan Extra: Maintaining Business Aviation Access to Dublin Airport

NBAA is working diligently with the Irish Business and General Aviation Association and other stakeholders to preserve access to Dublin Airport.
Listen Now

February 26, 2024

Podcast: Expanding Opportunities to Join Business Aviation

Throughout February, NBAA has marked Black History Month by recognizing the significant aviation contributions of African Americans and emphasizing the importance of ensuring our industry is open and welcoming to people from all backgrounds.
Listen Now

February 20, 2024

Podcast: Enhancing Privacy for Business Aircraft Operators

The FAA has been working with NBAA and others to address privacy concerns with the Privacy ICAO Address program (PIA), which recently was expanded beyond the contiguous U.S. to include overwater routes.
Listen Now

February 12, 2024

Podcast: How Data Collection, Monitoring and Sharing Improves Safety

Flight data monitoring and data sharing are important tools to help identify potential safety risks before they become serious issues. That said, many operators are uncertain about how they work, what equipment is needed and what this information can offer their operations. NBAA has developed a new, comprehensive resource to answer those and other questions.
Listen Now