Insurance requirements will vary significantly, depending on the mission of the aircraft. But the need for diligence in maintaining current and precise certificates of insurance and adequate coverage remains consistent. Because we understand aircraft language you can be confident in our ability to link your business operations and regulatory requirements with your insurance and risk management needs.
The complexity of product liability requires not only a thorough review of known exposures but the intellectual curiosity to evaluate “what if” scenarios. Our understanding of engineering concepts and manufacturing processes greatly assist in this evaluation.
Maintenance and Repair Operations
Facilities that maintain and repair aircraft parts vary in what they do and how they do it. Important risk management and insurance needs can be overlooked by those who have only a cursory understanding of operations.
This often ignored coverage is more readily available than in the past. Different levels of protection are available such as straight recall, recall and repair, and recall and replacement.
Because the market for this type of insurance is limited, a thorough understanding of the product and process is critical when presenting to specialty underwriters.
Fixed Based Operations (FBO)
Whether your FBO is involved in maintenance and/or fueling activities or some other combination of services, The Fedeli Group aviation practice will design and implement a tailored solution.
Brokers that arrange charters may be involved in a business that has a low capital requirement, but the potential liability associated with their service can be significant with vicarious liability often visiting this class of risk.