Providing you the foundations of aviation insurance as well as updates on what is happening in the aviation insurance marketplace.
Employment Practices Liability Insurance (EPLI), according to International Risk Management Institute (IRMI), is a type of liability insurance covering wrongful acts arising from the employment proce…
Why do you need to consider professional liability coverage for your aviation business and risks? According to the Insurance Risk Management Institute, Professional Liability is a type of liability c…
Endorsements (also referred to as Waivers) to an insurance policy amend coverage for items of a special circumstance, or that need specificity of a certain nature. Some of these endorsements are requ…
The Conditions section of the policy outlines the duties, provisions, rules of conduct, and obligations required for coverage to remain effective in the insurance policy. If the terms of the Conditio…
In this episode of the Aviation Insurance Podcast, let's get into the insuring agreements coverage D related to hangar keepers’ legal liability. In this second installment, lets talk about the multip…
In this two-part episode of the Aviation Insurance Podcast, let's get into the insuring agreements coverage D related to hangar keepers’ legal liability. It provides protection for damages that you b…
As we continue to discuss the aviation or airport commercial general liability exposures, let's get into the insuring agreements coverage A related to the premises and operations. Tune in to learn mo…
The aviation or airport commercial general liability policy is a third-party liability policy that protects things other than the aircraft and the liability rising out of the use of the aircraft. In …
In the previous episode we talked about a general insurance concept called Reinsurance. How insurance companies spread their risk and how those cost affect rates for everybody. In this episode let's …
People often wonder why claims that have nothing to do with their business impact the rates in their annual premium. One of the reasons is how insurance works. Insurance ultimately is the law of larg…
When an agricultural aviation operator gets an angry call from a farmer, the last thing he wants is to worry about whether he has the proper liability coverage for the potential loss. There are diffe…
Aviation related risks have significant on-site and off-site exposures due to the large volume of hazardous materials that are utilized in the day-to-day operations of this market segment. There are …
Definitions are found in most aircraft insurance policies which are sometimes inside of a coverage or in a separate section. They are typically in written in bold or sometimes in quotation marks. In …
An endorsement is anything that changes or amends the base policy. It can happen at any point. In this episode of the Aviation Insurance Podcast let's dig in deeper on what endorsements do in general…
The Terrorism Risk Insurance Act (TRIA), which was enacted by Congress in November 2002, ensures that adequate resources are available for businesses to recover and rebuild if they are the victims of…
In the last episode we talked about Exclusions. There are a couple major exclusions that need their own attention including War & Related Perils. In this episode of the Aviation Insurance Podcast let…