Running an aviation or aerospace business comes with unique risks that require specialized insurance coverage. A comprehensive, tailored approach is essential to ensure your company is fully protected. Below are key insurance coverages to consider:

Aircraft Hull and Liability Insurance

• Hull Insurance: Covers physical damage to the aircraft itself.
• Liability Insurance: Protects against third-party bodily injury or property damage claims arising from aircraft operations.

Aerospace Product Liability Insurance
This coverage protects your company from claims arising from damages, injuries, or fatalities caused by aerospace products that you manufacture or sell.

Hangar Keepers Liability Insurance
This policy provides protection if an aircraft you do not own is damaged while under your care, such as during storage, repair, or servicing.

Airport Liability Insurance
Covers liability for operations at airports you own or manage, including premises liability for slip-and-fall accidents, property damage, or injuries.

Workers’ Compensation
Essential for covering employee injuries or illnesses resulting from their work duties. Given the high-risk nature of the aviation and aerospace industries, this coverage is crucial.

Environmental/Pollution Liability Insurance
Protects your business in case operations lead to environmental contamination or pollution.

Ground Risk Hull (Non-Motion) Insurance
Provides coverage for damage to your aircraft while it’s on the ground and not in motion, such as during a hangar collapse.

Ground Risk Hull (Motion) Insurance
Covers your aircraft while it is on the ground and in motion, such as when taxiing.

In-Flight Insurance
Covers damages to the aircraft while it is in operation, ensuring protection during flight.

Aerospace Errors & Omissions (E&O) Insurance
Protects against claims arising from errors, omissions, or negligence in the services your company provides—particularly important if you offer consulting or other professional services in the aerospace field.

Cyber Liability Insurance
With aviation becoming more technology-dependent, this coverage protects your business against risks associated with data breaches, cyberattacks, or system failures.

Business Interruption Insurance
Covers losses due to interruptions that affect your normal operations, such as supplier failures or major equipment breakdowns.

Cargo and Freight Liability Insurance
Essential for businesses that transport goods, this insurance covers your cargo while it’s in transit, ensuring protection from potential risks.

Directors and Officers (D&O) Liability Insurance
Protects the personal assets of your company’s directors and officers against lawsuits stemming from their decisions and actions as leaders.

Foreign Liability Insurance
This coverage is critical for businesses with international operations. It protects your overseas activities, particularly for aviation businesses due to the global nature of the industry.

When selecting the right insurance coverages for your aviation or aerospace business, it’s important to work with an experienced insurance broker who specializes in the industry. They can provide expert guidance to ensure your business is properly protected and your coverage aligns with your specific needs.