Grounding Liability Insurance
Developing a Sustainable Approach for our Clients
In recent years, the commercial air transport industry has experienced an increasing frequency of aircraft grounding events fueled by a combination of commercial, technological and regulatory pressures. These grounding events have proven to be complex from a claims adjustment perspective with legal analysis and coverage opinions creating costs and uncertainty for insureds and underwriters.
As a Global Aerospace client, you will benefit from our first-hand experience underwriting grounding cover and handling resultant claims. We have responded to these challenges by developing new policy language which provides greater certainty for insureds, brokers and underwriters. Our constructive approach removes ambiguities and provides a modern, sustainable insurance product that is relevant for today’s exposures.
Learn More:
Jetstream Article: Aviation Advances: Addressing Rising AOG Levels Related to Aircraft Technology Advances
Resources:
Grounding Liability Insurance Appendix – UK
Grounding Liability Insurance – US
