Aviation Liability Insurance for Third-Party Property and Bodily Injury
Public Liability Insurance – Property and Bodily Injury – This is coverage for damages caused by a plane to a third-party property or bodily injury, such as to another aircraft, airport facilities and hangars, buildings, fields, and people.
Passenger Liability Insurance – This liability coverage is for passenger related injuries or death.
Combined Single Limit (CSL) – CSL coverage provides the same level limit for all liability albeit property damage, bodily injury to passengers, and people outside your aircraft.
Aircraft Liability Insurance
Ground Risk Hull Insurance in Motion – This type of insurance is for any physical damage to the aircraft hull that it may incur when it is “in motion”. This would be anytime the prop is turning and the aircraft is moving under its own power.
Ground Risk Hull Insurance Not in Motion – Similar to ground risk hull insurance in motion, this coverage is for damages that an aircraft may incur when it is on the ground and “not in motion”. Aircraft not in motion are incapable of causing any self-inflicted damage, meaning this coverage protects against damages from external events such as natural hazards or collapsing hangars.
Aviation Manufacturer Product Liability Insurance – As a machine that is composed of thousands of small parts, aircraft are susceptible to product defects that can have costly consequences for aircraft manufacturing companies. When design and manufacturing errors occur, you will need to have the appropriate aviation products liability insurance coverage to keep your manufacturing company protected.
Aircraft manufacturers, avionics manufacturers, STC modification builders, and instrument and interior manufacturers all need aviation products liability insurance to protect their liability. Here is what aviation products liability insurance covers:
- Design Defects – Aircraft liability insurance for manufacturers provides coverage for design defects that occur in the design phase of product development.
- Manufacturing Defects – This type of liability coverage protects aircraft manufacturers when products are not produced correctly.
- Failure to Warn – Aviation products liability insurance provides coverage if products did not offer warnings or instructions when parts/products are failing.
Do you need aviation liability insurance? AIR is licensed in all 50 states, and has over two decades of experience in aircraft insurance. Contact us today to chat with our aviation insurance specialists about your coverage needs!