Addressing Aviation Professional Services Liability Risk
Courts can award damages for a financial loss to a third party, even without an accident causing bodily injury or property damage. Our aviation professional services (APS) liability insurance policy shields professionals from this exposure.
Added Protection for Professional Services Providers
We live in a fast-paced business world where mistakes can and do happen. Most aviation professionals already have insurance protecting them from claims for bodily injury or property damage arising from “occurrences” resulting from their aviation activities.
The APS policy does not replace a traditional occurrence policy but compliments it by responding when a claim is made that the policyholder committed a “wrongful act,” as defined in the policy, that resulted in damages other than bodily injury or property damage. An inadequate pre-purchase inspection or improper advice concerning an engine overhaul may not result in an accident that would trigger an occurrence policy. Still, they are wrongful acts to which the APS policy would likely respond.The Global Difference
APS Liability Insurance Specifics
Our aviation professional services liability insurance policies feature:
- Limits of liability from $250,000 to $10,000,000
- Multiple deductible options
- Errors or omissions
- Breach of professional duties
- Unintentional breach of confidentiality
APS policies do not cover:
- Breach of employment contract or similar
- Fraudulent, dishonest or intentional acts
- Insolvency, bankruptcy or liquidation of the Insured
- Loss, distortion or erasure of computer records
- War and allied perils, noise and pollution, nuclear risks, asbestos
*Please refer to the policy for a complete list of exclusions.
Global’s Aviation Professional Services Liability Leadership Team
To learn how aviation businesses can benefit from aviation professional services liability insurance, please contact one of our specialty underwriters directly.
SVP, Underwriting Director
Morris Plains, NJ
SVP, Senior Underwriting Manager
Morris Plains, NJ
Chief Operating Officer, Global Europe