Aviation Insurance

Aviation Hull: Aviation Hull insurance is generally divided into three:
Hull – Loss or Damage – This is effected by the owner or operator against loss or damage to the aircraft itself.

Third Party Liability indemnifies the insured for all sums legally due to third parties resulting from accidental injury to or death of persons or damage to property on the ground and outside the aircraft provided such incident is caused directly by the aircraft or by objects falling from it. It also covers liability due to sound and pollution damage arising from accident occurring to the aircraft as well as liability for damage caused in the air to other aircraft r their occupants. It further covers legal costs incurred with the permission of the insurers in the defence of any claim.

Legal Liability to Passengers – This section indemnify the aircraft operator against all sums for which he is legally liable to pay in respect of accidental bodily injury to or death of passengers while entering into, being carried in or alighting from the aircraft or in the course of carriage by the operator. It also covers agreed costs incurred in defending an action under the section.

Aviation Cargo
This insurance cover is arranged on ‘all risks’ basis to indemnify against loss or damage to the property insured by any accident or misfortune arising from some fortuitous circumstances while on board or during loading and unloading from the aircraft; conveyance of the insured property to the airport; and during completion of the journey by best available means of transport following an accident or misadventure to or a forced landing or mechanical breakdown of the aircraft carrying the property insured.

Aircraft Products Legal Liability

This policy indemnifies the insured for legal liability directly or indirectly by reason of bodily injury including death any any time resulting therefrom, accidentally sustained by any person or persons, and loss of or damage to or destruction of property accidentally occurring including loss of use of the said damaged property. It also defends the insured against all suits alleging such injury, death, loss, damage, destruction or loss of use.

Personal Accident
This takes the format of the standard personal accident policy but endorsed to include flying (traveling as a ticket-holding passenger on an aircraft which is being flow on a regular air service operated by an air carrier licensed by the appropriate authority to carry passengers for hire and reward).

Airport Owners’ and Operators’ Liability:
The policy is in three sections:

It covers the insured’s normal third party legal liability for bodily injury or property damage in or about the premises and elsewhere in the course of any work or of he performance of any duties by the insured or his employees in connection with the insured’s specified business.

It indemnifies the insured against loss of or damage to any aircraft or aircraft equipment (not belong to or owned by the insured) while on the ground, in the care, custody or control of the insured.

The policy also covers the insured against legal liability for bodily injury or property damage arising out of the possession, use, consumption or handling of any goods or products manufactured, constructed, altered, repaired, services, treated, sold, supplied or distributed by the insured or his employees after such goods or products have ceased to be in the possession or under the control of the insured.

Loss of Licence
This type of policy is often effected by the civilian aircrew themselves, their employers or professional associates against the contingency of being temporarily grounded or losing their licence permanently through injury or serious sickness. It indemnifies the insured for loss of income/earning resulting from any bodily injury or illness which makes him unfit to act in the capacity for which he holds the licence.