Welcome back to the Aviation Insurance Blog, where today, we’re going to take a broad look at liability with regards to aircraft. For the moment, we’ll focus on the basics of liability, and in future blog posts, we will explore this in more detail. Liabilities are the things for which you have legal obligation to third […]
Aircraft Liability Read More »
Welcome back to the Aviation Insurance Blog. Today will be broadly discussing one of the fundamental coverages in aircraft insurance: aircraft physical damage coverage. This concept is what most commonly comes to mind when you think about aviation insurance. The definition of physical damage coverage is to provide coverage for direct loss to an aircraft
Aircraft Physical Damage Read More »
Welcome back to the Aviation Insurance Blog, your go-to source for insights into the aerospace insurance industry, specifically tailored for general aviation and commercial aircraft. In our last post, we delved into the essentials of aviation insurance, highlighting its critical role in the aviation industry. Today, we shift our focus to the key players in
The Players in Aviation Insurance Read More »
Welcome to the Aviation Insurance Blog! We’re excited that you are interested in learning more about the aviation insurance industry. These articles follow the topics of our Aviation Insurance Podcast episodes, which you can listen to here. Welcome to the very first Aviation Insurance Blog post! We’re so glad that you’re joining us as we
An Introduction to Aviation Insurance Read More »
If you’ve been in the aviation business or owned an aircraft in the past couple of years, it is no secret that the aviation insurance industry has been in a challenging market. Marked by increasing premiums, more strict underwriting, and higher training requirements, aviation insurance has been frustrating to many. In my market update in
Aviation Insurance Market Update January 2021 Read More »
Aviation insurance rates have been on the ascent for more than a year. However, their rate of climb started to increase more dramatically in the 3rd quarter of 2019. Underwriting has become more restrictive. Pilot and training requirements are much more stringent. Some insurance companies have decided to exit the aviation insurance marketplace. But what
Aviation Insurance Market Update Spring 2020 Read More »
When growing a business, you face a number of potential risks that can threaten your business in a number of ways. The loss of assets, income, liability to others, financial liabilities… among others. Risk management is the process utilized to control and limit loss. That process includes identifying, analyzing, and mitigating risk. In general, there
Basics of Risk Management in Aviation Insurance Read More »
The Insuring Agreements of an aircraft insurance policy specify that the insurance company shall pay all reasonable medical expenses incurred within one year from the date of injury, to or for each passenger (including or excluding crew depending on which is specified in the policy) who sustains bodily injury, provided the occurrence is covered under
What are Medical Payments on an Aircraft Insurance Policy? Read More »
Legal Defense The Insuring Agreements section of the insurance policy specifies that the insurance company has a duty and a right to defend any suit against the insured seeking damages for bodily injury or property damage, even if any of the allegations of the suit are groundless, false, or fraudulent. When liability coverage is purchased,
Aircraft Liability – Legal Defense Read More »
Welcome back to the Aviation Insurance Blog, where we navigate the complexities of insuring various types of aircraft, from private jets to commercial planes. Today, we’re focusing on a crucial aspect of aircraft insurance: accurately determining the hull value for insurance coverage, especially for aircraft renters and fixed based operators. Aircraft valuation fluctuates based on
The Importance of Insuring Aircraft to Proper Value Read More »
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