Aerospace and Aviation

Aerospace liability coverage offers extensive policies encompassing a wide range of physical damage and liability concerns related to aerospace risks. These policies are designed to provide coverage for various aviation-related entities, including professionals, companies, and equipment involved in manufacturing, baggage handling, airport operations, airport services, and unmanned aircraft activities. As the aerospace industry continues to advance, the significance of this insurance type has grown, driven by its emphasis on risk reduction and safety enhancement.

Industry Details

Businesses in aerospace require specialized insurance coverage to protect against a range of risks and liabilities. Common types of commercial insurance that those in the aviation space should consider include:  Aircraft hull, physical damage and liability; Aircraft Products Liability Insurance; Commercial General Liability Insurance; Airports, Ground Handlers and Service Providers Liability Insurance; Unamanned Aircraft Hull and Liability Insurance; CFI Insurance; Personal non-owned Aircraft Liability

Insurance Types for 

Aerospace and Aviation

Running an aviation and aerospace business presents unique risks that necessitate specialized insurance coverages. Ensuring that your business is adequately protected requires a comprehensive approach. Here's a rundown of key insurance coverages you should 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:

Covers claims arising from damages, injuries, or fatalities caused by aerospace products your company manufactures or sells.

Hangarkeepers Liability Insurance:

Protects you if an aircraft you do not own is damaged while under your care (e.g., for storage, repair, or servicing).

Airport Liability Insurance:

Covers liability for operations at airports owned or managed by your company. This includes premises liability for slip and fall incidents, property damage, or injuries.

Workers' Compensation:

Covers employee injuries or illnesses resulting from their work duties. Given the high-risk environment of aviation and aerospace, this is critical.

Environmental/Pollution Liability Insurance:

Provides coverage in case your operations lead to environmental contamination.

Ground Risk Hull (Non-Motion) Insurance:

Offers protection to your aircraft while it's on the ground and not moving. Useful for instances like damage due to hangar collapse.

Ground Risk Hull (Motion) Insurance:

Covers the aircraft while it's on the ground and moving, such as during taxiing.

In-Flight Insurance:

Covers damages to the aircraft while it is in operation.

Aerospace Errors & Omissions (E&O) Insurance:

Protects against claims made due to errors, omissions, or negligence in the services you provide, especially relevant if you offer consulting or other professional services in the aerospace domain.

Cyber Liability Insurance:

With the increasing dependence on technology and integrated systems in aviation, this coverage protects against risks related to data breaches or cyberattacks.

Business Interruption Insurance:

Covers losses resulting from situations that impede your normal business operations, such as a supplier failure or significant equipment breakdown.

Cargo and Freight Liability Insurance:

Essential if your company deals with the transportation of goods. It covers the goods while they're in transit.

Directors and Officers (D&O) Liability Insurance:

Protects the personal assets of your company's directors and officers against lawsuits based on their decisions as company leaders.

Foreign Liability Insurance:

Necessary if your operations extend beyond your home country. It covers overseas operations and is particularly crucial for aviation businesses due to the international nature of the industry.

When choosing coverages, it's vital to work closely with an insurance broker experienced in the aviation and aerospace sector. They can provide guidance tailored to your business's specific needs and operations.

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Aerospace and Aviation


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