Aviation & Airside Insurance

What Is Aviation insurance?

Is insurance coverage geared specifically to the operation of aircraft and the risks involved in aviation? Aviation insurance policies are distinctly different from those for other areas of transportation and tend to incorporate aviation terminology, as well as terminology, limits and clauses specific to aviation insurance.

Aviation insurance requires the right experience and insurer connections to correctly appraise your particular aviation risks and insurance cover to deliver a robust and dependable protection for your assets. Our aviation insurance brokers have the experience and aviation insurance connections to tailor a policy to meet your needs at a competitive premium.

We deal in a wide range of aviation and space risks including:-

• General Aviation Risks
• Airlines
• Aerospace airframe and component manufacturers
• Aviation maintenance and upkeep liabilities
• Specialist Crew Travel and personal accident insurance
• Cargo and freight storage
• Airside liability
• Hull, Spares and All Risks
• Third Party and Passenger Liability
• Aviation Hull War and Allied Perils insurance
• Hangar Keepers and Product liability
• Airline Catering

Using our well established connections at Lloyd’s and the International Markets our aviation insurance brokers will tailor a suitable aviation insurance package that is robust, reliable and competitive.

With our direct route to market we can cater for and build a specific package to cover all your Aviation and Airside insurance requirements.

To identify the territory of regulation and tax for an aviation risk consider:

1. The nature of the cover provided;
2. The jurisdiction in which the aircraft is registered;
3. The physical location of the property or aircraft; and
4. The location of the insured’s residence(s) or business establishment(s).
5. Aircraft hull and aircraft liability
6. Aviation liability
7. Aviation products liability

Aircraft hull and aircraft liability

Aircraft hull insurance covers losses arising from the physical damage to aircraft hull as a result of various perils, including war and terrorism. Aircraft liability insurance covers operators of aircraft for third party liability.

The risk location may be determined by one or more of the following factors:

• Physical location of the aircraft (place of operation)
• Jurisdiction in which the aircraft is registered
• Residence or establishment of the insured

Please see the territory specific guidance on Crystal for specific risk location rules.

Aviation liability

Aviation liability covers a wide range of legal liabilities associated with airport and other aviation operations, excluding aircraft operations.

The risk location is the territory in which the insured is resident or its business is established.

If more than one insured resident/business establishment is covered, then each may individually create a risk location.

Aviation products liability

Aviation products liability insurance is taken out to provide coverage for components used in aircraft or other aviation products, e.g. avionic software.

The risk location is the territory in which the insured business is established.

If more than one insured business establishment is covered, then each may individually create a risk location.

Aviation cargo

Aviation cargo insurance covers losses arising from the physical damage to cargo while it is in transit by air and for up to 60 days whilst in storage. (After 60 days it will be seen as Property - Standalone storage.)
The risk location is usually the territory in which the insured is resident or its business is established. However, in a few instances, where the goods are physically situated or being transported to or from may also create a regulatory and tax location of risk.

Aircraft crew personal accident cover

Aircraft crew accident insurance provides cover in the event of death or injury to a member of an aircraft’s crew. The insured is normally the aircraft owner or operator.

Where the policy is written in relation to a specified aircraft the risk location is determined in the same manner as aircraft liability (see above).

Where the aircraft is not specified or is unknown the risk location is the territory in which the insured is resident or its business is established.

What is Airside liability Insurance?

If you are going airside, the airport may well require you to have specific liability insurance to protect against injury to third parties and damage you might cause to other people’s property. Our products are specifically for airport concessionaires and contractors. Maybe you are delivering laundry, providing emergency services, providing utility services or mowing the grass. Perhaps you are involved in a construction project.

“Airside” generally refers to an area on an airport that has restricted access. This will be the aprons, taxiways and runways as well as the area past the security gates in terminal buildings.

Most standard public liability policies will contain an exclusion relating to high risk locations, airport and aerodromes are on the list of excluded premises. Some insurers may consider providing liability cover at airports for an additional premium but they are unlikely to provide an indemnity limit of more than £10 million.

As companies or individuals that are working airside will inevitably require a higher level of public liability cover, airside liability insurance can be arranged as a separate policy, either to top up an existing insurance, or to provide the primary cover. It is not uncommon to see indemnity limits in excess of £50 million.

Does your business involve going airside at an airport?

You may only go airside once or twice a year - perhaps to make a delivery, pick-up or have a meeting with a business contact.

If you go airside, it is likely that your general public liability and vehicle insurance policies will not cover you for an incident airside or will only provide a limited amount of cover, compared to the potential exposure.

...we can help!

You can choose the limit you require from as little as £1,000,000 to £100,000,000 on either a 24 hours (per risk basis) or on an annual basis.

This scheme is insured with a leading international Insurance Company, regulated by the UK Financial Conduct Authority.