Corporate aircraft insurance is unique and therefore requires an aircraft insurance specialist. Aircraft insurance policies are different than other standard lines of insurance and, therefore, require a specialist. Aircraft insurance policies are written using language unique to the industry: FAA language differs from policy language, requiring an aviation specialist to assist with placing the coverage. Trusting a multimillion-dollar hull coupled with liability limits into the hundreds of millions to a broker who is not a specialist can be a costly mistake.
In the aviation insurance industry, a professionally flown corporate aircraft will usually fall into the category of “Industrial Aid.” A professional crew flying well-maintained aircraft on business missions for executive and employee transportation has historically proven to be one of the safest risks in the industry. Industrial Aid policies will generally contain the broadest coverage for the lowest rates.
As an aviation insurance expert, Travers & Associates can help coordinate the proper hull insurance coverage and offer expert advice on liability coverage into the hundreds of millions through one or several of our preferred insurance companies.