Aviation Professional Services Liability Insurance
Insurance to Protect Aerospace Related Businesses
Aviation and aerospace professionals such as auditors, engineers, safety experts, consultants, maintenance providers, FBOs and aircraft sales dealers face exposure to loss resulting from allegations of professional misconduct. Damages may be awarded for financial loss to a third party even in the absence of an accident causing bodily injury or property damage. The Aviation Professional Services (APS) Liability insurance policy available through Global Aerospace, Inc. provides these professionals with protection from this exposure.
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 the 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” insurance policy, but are wrongful acts to which the APS policy would likely respond. With this coverage gap filled, the aviation professional enjoys comprehensive protection.
How much coverage is available?
- Limits of Liability from $250,000 to $10,000,000
- Multiple deductible options
What is covered?
Certain claims arising from:
- Errors or omissions
- Breach of professional duties
- Unintentional breach of confidentiality
What is not covered?*
Any claims arising from or related to:
- 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 policy for a full list of exclusions.
To learn how aviation businesses can benefit from Aviation Professional Services Liability insurance, contact one of our specialty underwriters directly:
Kevin Yuen, Executive Underwriter: firstname.lastname@example.org.
Europe and Rest of World: