Contractual liability is a liability you inherit when you agree to a contract and from an insurance perspective, you have a new liability. It is best to schedule all contracts entered into with the insurance company in a timely fashion so that it is scheduled to the policy. Tune in to learn more!
Aviation Insurance Podcast Episode 54: Contractual Liability
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About the Author: Tim
Tim Bonnell Jr. is the Founder and President of Aeris Insurance Solutions. He is the author of the book Aircraft Insurance Fundamentals: A Concise Guide For Aircraft Owners and Operators. He’s a third-generation pilot and a second generation aviation insurance broker. Tim was raised in the aviation insurance industry and had the opportunity to learn it from the ground up. His formal education was completed at Kansas State University. Tim is a private and instrument-rated pilot. He holds the Certified Insurance Counselor and Certified Aviation Insurance Professional professional designations. In 2014, he was installed into the inaugural class of the Aviation Insurance Association’s Eagle Society. Tim has served on the boards of directors for the Aviation Insurance Association, Kansas Agricultural Aviation Association, National Agricultural Aviation Association, and the Wichita Aero Club in addition to other community organizations.