Aviation Insurance Podcast

Independent contractors are a big part of aviation operations. Whether you are an independent contractor pilot, professional pilot, mentor pilot, or are the aircraft owner hiring independent contractor pilots we need to ensure that everyone involved has insurance coverage. Tune in to learn more!

Unmanned aerial vehicles, more commonly known as drones, are continuing to grow in use application, and value. In this episode let us talk about the ability to ensure the vehicle(drone), the systems, and potentially the payload it may be carrying. Tune in to learn more!

A Customs bond is required when people are bringing goods in and out of the country valued over 2500. In this episode let's talk about something that isn't insurance, but it's something that comes up anytime we have an aircraft that takes passengers outside of the country and back. Tune in to learn more!

If you are operating someone else's aircraft, you want to make sure that you don't invalidate their aviation insurance policy. Non-owned coverage is typically excess over the primary owner's policy, and it is used for several reasons. Tune in to learn more!

It's important to understand some of the insurance considerations that happen when an aircraft or even another aviation asset is financed in order to keep the banks happy and to make sure these things happen. Tune in to learn more!

Insurance carriers and reinsurers have their set of underwriting guidelines. They do understand that all people are unique and age differently. In this episode let us talk about ensuring senior airman pilots. Tune in to learn more!

A frequent question that aviation insurance agents or brokers often get is about the minimum requirements for a pilot to transition to a different airplane. In this short series, let us talk about some issues and guidelines relating to pilots and aviation insurance.  Tune in to learn more!

The best way to respond to an emergency is to be prepared in advance to do so. An emergency response plan is that advanced planning and thinking of all the contingencies that could happen within our business and how we are going to respond, to restore our operations to where they were before that event. Tune in to learn more!

A safety management system is a combination of risk management and quality assurance management. In this episode let us talk about the four elements of a safety management system and why it is important. Tune in to learn more!

We are in the last part of a short three-part series about aviation insurance considerations when using our aircraft out of the United States. Let us talk about foreign liability package or a foreign package policy.  Tune in to learn more!

The European Union passed a regulation that all aircraft operations, both private and commercial would require certain insurance requirements. These requirements were based on the takeoff mass of the aircraft. We are in part two of a short three-part series about aviation insurance considerations when using our aircraft out of the United States. Tune in to learn more!

When we take our aircraft outside of the United States, there are several things we need to look at and consider. In this three-part episode, we want to look at some key factors as we plan to take our aircraft out of the country. Tune in to learn more!

Automobile exposure becomes important when it comes to anything licensed for road use that leaves the aviation premises. Today let us talk about Business Auto as we continue to look at some other lines, and other coverages that are applicable to aviation operations and aircraft owners. Tune in to learn more!

Welcome to the second installment of a two-part series on commercial property coverage. In this episode, we are going to talk about some additional property-related coverage and coverage extensions. Tune in to learn more!

A lot of aircraft owners and operators either own or lease a hangar where they have a contractual obligation to insure the building. In this two-part episode let us talk about an exposure for many aviation operators, that is property and contents insurance. Tune in to learn more!

The aviation insurance market has been riding kind of a harder insurance market since early to mid-2018, which has been marked by increasing rates and stricter underwriting guidelines. As you may have noted in our updates in 2020 and 21, we saw that there were several factors creating this hardening of the market and extremely low and unsustainable rates in the soft market that started in 2006. Tu...

Quota share is a method of spreading the risk on an individual account through multiple insurers. What happens in a quota share is that insurance companies share a percentage of the risk based on what they establish up front. Tune in to learn more!

In this episode let's talk about one key exclusion which is Environmental Pollution Liability. It is an exclusion on pretty much every policy unless that pollution was the direct result of a covered loss. Tune in to learn more!

Directors and Officers (D&O) Liability Insurance, according to International Risk Management Institute (IRMI), is a type of liability insurance covering directors and officers for claims made against them while serving on a board of directors and/or as an officer. D&O can be written to cover the directors and officers of for-profit businesses, privately held firms, not-for-profit organization

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 process. The frequent type of claims that are paid under an EPLI policy are: sexual harassment, discrimination, wrongful, termination, and retaliation. Tune in to learn more!

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 coverage designed to protect traditional professionals (e.g., accountants, attorneys) and quasi-professionals (e.g., real estate brokers, consultants) against liability incurred as a result of errors an...

We talked about a lot of exclusions and we said these exclusions are often here because those issues are better designed to be covered elsewhere. One of those is that exclusion to employees acting in the scope of their employment. The reason is because Workers Compensation is the sole remedy for those type of losses. Tune in to learn more about your commercial general liability policy!

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 required by individual states, and others are elected by the carrier. Tune in to learn more about your commercial general liability policy!

All policies contain an Exclusion section, which specifies what the insurance company will not cover. This will vary in some degree from company to company and policy to policy so it is important to read each policy exclusion. Tune in to learn more about your commercial general liability policy and more!

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 Conditions aren't met, a denial of coverage could occur. Tune in to learn more about your commercial general liability policy and more!