Aviation Insurance
Risk Management and Insurance for Aviation and Airport Businesses
USI’s Aviation team brings a complete understanding of the specific risk management challenges associated with aviation related businesses such as employee and passenger safety, terrorism, government regulations, technology, products liability and complex operations locally and abroad.
Our team members have decades of experience in a variety of backgrounds, which include active pilots, former aviation underwriters, attorneys and risk management professionals. The team works hard to build lasting relationships with both our clients and underwriters by establishing trust and gaining respect and confidence in our abilities through consistent service execution and successful favorable marketing results. Our industry expertise includes airports, large flight schools, corporate aviation (fixed wing and rotary wing), maintenance repair and overhaul facilities, regional, national and international air carriers, on demand air taxi services, and aerospace/aviation manufacturers.
USI structures insurance solutions and services for aviation and airport businesses including:
- Aircraft Hull Insurance
- Aircraft Liability Insurance
- General Liability
- Aircraft Products Liability
- Environmental Liability
- Workers’ Compensation
- Auto Liability
- Cargo Liability
- Property Coverage
- Management & Professional Liability
- International Exposures
- Aviation Risk Management Consultation
- Aviation Loss Control
- Insurance Program Audits and Program Design
- Claims Management and Audits by USI Aviation Claims Professionals
- Contractual Review and Analysis for insurance related stipulations across Management Agreements, Purchase Agreements, Maintenance/FBO Contracts, Hangar Agreements and Charter Agreements
- Emergency Response Planning
To analyze our clients' business issues and challenges, our Aviation Practice leverages USI ONE®, a fundamentally different approach to risk management. USI ONE integrates proprietary business analytics with a network of local and national technical experts in a team based consultative planning process to evaluate the client’s risk profile and identify targeted solutions. Clients then receive tailored recommendations for improving their total cost of risk.
Experience the USI ONE Advantage® and learn how our Aviation team works with aviation and airport businesses to control risk and improve margins both on and off the ground. Email [email protected] to learn more or contact your local USI office today.
CASE STUDY:
USI’s Aviation team was assisting an airport client whose Limits of Liability were not keeping pace with airports of similar size due to budget constraints. USI’s team conducted a Contractual Review of all Airport Operations Agreements opening up opportunities for liability transfer through tender opportunities. USI also implemented aggressive Loss Control and Safety focus programs contributing to additional cost containment for the client. After USI’s contract review and program implementation, the Airport was able to increase their overall Limit of Liability protection by $250,000,000 while, at the same time, reducing their annual premium by more than $180,000.
CASE STUDY:
Several US airlines and airports were unable to control the insurance component of Fuel Storage Services as the program was historically provided by a third party on a cost plus basis. USI’s Aviation specialists developed a proprietary risk program providing a long term solution for airlines and airports to properly insure the assets and operations of Jet-A Fuel Storage Facilities and Hydrant Systems at most of the major international airports throughout the continental US and Hawaii. This innovative program created consistency in developing Manuscript Policy Wording and unified Claims Handling, replaced third party vendors providing the participant clients with control over their own program, and created economies of scale delivering over $1 Million in savings.
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Speak to a representative at your local USI office today!