If you store aircraft in your hangar or regularly work on aircraft under your care, you will need insurance to protect against any loss, damage or injury caused by your activities. Mistakes and accidents can happen on the job, in the event that you do experience a claim, general liability and hangarkeepers liability will help cover any large payouts. Aviation general liability is necessary for aviation businesses because most commercial general liability policies will not cover you for aviation-related exposures.
Aviation general liability can include hangarkeepers liability, products and completed operations liability and premises liability, but it does not typically cover grounding.
Hangarkeepers liability provides coverage for others’ property while it is in your care. It covers physical aircraft damage, reduction in market value and loss of use (which would cover the costs of replacing an aircraft while repairs are being done to it). It also covers your liability while moving, fueling or repairing stored aircraft that are in your care, control or custody.
Products and completed operations liability provides coverage for damage or bodily injury to a third party arising out of the use or handling of any good or product that you supply that is used in connection with an aircraft.
Premises liability provides coverage for property damage or bodily injury to a third party that occur within the hangar or property premises.
Who would benefit from this type of insurance?
- Hangar owners
- Airport authorities, municipalities and service providers
- Fixed based operators (FBO)
- Aircraft detailers
- Avionics shops
- Aircraft component manufacturers and repairers
The type of insurance you need will vary based on your specific needs and business practices, so it is important to discuss your particular situation with an experienced insurance broker who can determine the right aircraft insurance program for you.
Protect your investment in your business with a comprehensive aviation general liability policy. When determining your aviation insurance needs, it is best to work with a broker that is knowledgeable in the Canadian aviation industry. Fuse Insurance works with Canada’s leading insurers in order to secure competitive pricing and high-quality insurance coverage. Get in touch with one of our brokers who can answer any questions you have and review your current insurance program. Give us a call at 1-866-387-FUSE (3873) or fill out our quick and easy online quote application form now.