AssuredPartners

OCTOBER 18, 2017

is pleased to announce the acquisition of Hope Aviation Insurance in Columbia, SC. Hope Aviation Insurance offers a wide range of insurance solutions to the aviation industry. When looking for partners to join this practice, Hope Aviation Insurance was an ideal fit. million in revenues.n“The

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AssuredPartners

DECEMBER 7, 2018

is pleased to announce the addition of the aviation book of business formerly owned by AOPA Insurance Agency, Inc. AOPA is an aerospace specific association focusing on the needs of aircraft owners, renters, CFI or aviation business operators. into the AP Aerospace operations of AssuredPartners.

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AssuredPartners

SEPTEMBER 11, 2023

Do you want to insure your drone? Until about a year ago, these were the only questions an insurance agent needed to ask regarding the use of drones for agribusiness operations. But with the expanded use of drones for aerial application, the insurance companies have not responded as quickly and maybe never will.

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AssuredPartners

AUGUST 7, 2023

As aircraft values continue to increase, it’s time to consider what you’re insuring your plane for. Aircraft insurance is unique. While auto insurance is written on an actual cash value basis, aircraft coverage is written on a stated or agreed value basis.

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AssuredPartners

JUNE 5, 2022

There is a common misconception among aircraft owners that in the event of an accident, insurance companies can deny a claim if there was a violation of any of the Federal Air Regulations (FAR’s). This FAR is an example of a regulation that if not complied with would NOT exclude coverage under an aircraft insurance policy.

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AssuredPartners

MARCH 8, 2022

When your company employs a pilot, the decision on whether to hire the aviator as an independent contractor or an employee should be made only after careful consideration. Your aviation manager locates a qualified pilot who flies the same make and model aircraft for another owner on the field to fill in and take the trip.

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Higginbotham

MAY 18, 2023

Insurance for private aircrafts provides critical coverage for owners. Private Aviation Insurance Requirements States typically have strict requirements for auto insurance. You might think private aircraft owners and operators would face even stricter insurance requirements, but this isn’t always the case.

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AssuredPartners

OCTOBER 3, 2022

Aviation operators, without losses of course, have a much better negotiating position for coverage terms and conditions in the present insurance market. The National Business Aviation Association’s (NBAA) Safety Committee periodically identifies the business aviation industry’s top safety focus areas.

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AssuredPartners

FEBRUARY 27, 2023

‘PUNC’ ( P ilots, U se, N amed Insured and C ontracts) is an acronym capturing the four most important areas of aviation insurance that result in the largest percentage of claims denials. This month, we move down the checklist to the n amed insured clause. The first thing to do is define named insured.

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AssuredPartners

DECEMBER 13, 2022

At AssuredPartners Aerospace, we also use an acronym as a risk management tool in insurance, much as it is in the cockpit. We coined the acronym PUNC to call attention to the four most important areas of the aviation insurance policy that result in the largest percentage of claim denials.

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AssuredPartners

DECEMBER 13, 2022

At AssuredPartners Aerospace, we also use an acronym as a risk management tool in insurance, much as it is in the cockpit. We coined the acronym PUNC to call attention to the four most important areas of the aviation insurance policy that result in the largest percentage of claim denials.

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AssuredPartners

FEBRUARY 2, 2022

The aviation world is no exception, only the risk profile is exponentially higher in terms of loss exposure. It’s probably high time you added per-occurrence war and TRIA liability coverage to your aviation insurance portfolio if it hasn’t been added already. officials and not insurance contract language, etc.].

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AssuredPartners

MARCH 16, 2023

PUNC –Your Checklist for Insurance Coverage ‘PUNC’ ( P ilots, U se, N amed Insured and C ontracts) is an acronym capturing the four most important areas of aviation insurance that result in the largest percentage of claims denials. Ignore these and you may find yourself in a breach of contract lawsuit.

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AssuredPartners

AUGUST 11, 2020

{"ops":[{"insert":"We often receive phone calls from clients and prospects asking for a general liability policy to satisfy an insurance requirement in a contract, such as an airport lease. Like most insurance products, clients buy an aviation general liability policy with little knowledge of what the policy actually covers.

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AssuredPartners

SEPTEMBER 13, 2023

Even though you have a good insurance program in place, you will now learn the many costs of an accident that are NOT covered by insurance. You recall the time you were in an auto accident; the insurance company paid for a rental car while your car was being repaired. Consider a worst-case aviation accident.

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AssuredPartners

JANUARY 22, 2023

As we discussed in last month’s post, ‘PUNC’ (Pilots, Use, Named Insured and Contracts) is an acronym capturing the four most important areas of aviation insurance that result in the largest percentage of claims denials. This month, we review the Usage Clause.

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AssuredPartners

JANUARY 12, 2022

Contacting your firm’s aviation insurance broker and/or your insurance company’s claims department and reporting the accident will be very high on the list in the ERP and should be one of the next actions. Some insurers offer assistance or can refer sources with Emergency Response Planning expertise if needed.

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AssuredPartners

MAY 16, 2023

Risk management measures, including recurrent pilot training, buy-in of a safety culture at the executive level, and a properly structured insurance policy, are all paramount. Many aviation insurance companies have sample Emergency Response Plan (ERP) templates. Lean on your insurance company adjusters.

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AssuredPartners

OCTOBER 7, 2021

Bernadette began her career in aviation insurance in 1990 as an Account Manager. She joined Hope Aviation Insurance in 2015 as a Senior Account Executive until they were acquired by AssuredPartners in 2017. ’” To learn more about AP Aerospace, visit: www.assuredpartners.com/Aerospace.

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AssuredPartners

JANUARY 22, 2023

As we discussed in last month’s post, ‘PUNC’ (Pilots, Use, Named Insured and Contracts) is an acronym capturing the four most important areas of aviation insurance that result in the largest percentage of claims denials. This month, we review the Usage Clause.

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AssuredPartners

JULY 25, 2023

Let’s examine how to budget for insurance and what to expect in the current market. From an insurance perspective, the best way for an FD manager to gauge future insurance costs for budgeting purposes is to consult his aviation insurance broker. There is simply too much on the line.

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AssuredPartners

APRIL 6, 2022

In layman’s terms it covers an insured’s legal liability for damage to a non-owned aircraft in the insured’s care, custody, or control. The FBO stated they would investigate but suggested the pilot also turn the claim into their own insurance company. Unfortunately it remained a theory without proof.

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Vantage Circle

MAY 11, 2021

Nothing can stop the aviation market from falling if the consumers are dissatisfied with the service. It has significantly impacted the aviation industry on the aviation sector as people are advised not to fly to avoid the virus. If Aviation Was A Country It Would Be The World's 20th Largest By GDP. trillion (3.6

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AssuredPartners

NOVEMBER 20, 2020

{"ops":[{"insert":"Aviation is no stranger to freelancing pilots. Maybe being a pilot is your full-time job or maybe you have a ‘day job’ outside of aviation but a side hustle flying corporate aircraft. It is tempting to buy a non-owned aircraft insurance policy that is offered online. What is your exposure?

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AssuredPartners

APRIL 17, 2019

About a year ago, many of our clients started to see their aviation insurance premiums increase after years of decline. To understand the current aviation insurance market, we need to go back to 2006 when there were only seven companies competing for your business. {"ops":[{"insert":"The only constant in life is change.

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Vantage Circle

MAY 11, 2021

Nothing can stop the aviation market from falling if they dissatisfy their consumers. It has affected the aviation industry. It has affected the aviation industry. But, there was always a need for employee engagement efforts in the aviation industry. If Aviation Was A Country It Would Be The World's 20th Largest By GDP.

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AssuredPartners

JANUARY 17, 2020

That is why you purchase an aircraft insurance policy to cover your aircraft. We hope you will never have to use the policy, but if you experience a situation that leads to damage to your aircraft or bodily injury to others, it will help to understand how the claims process works in the aviation world. Deductiblenb.

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AssuredPartners

JANUARY 7, 2019

is pleased to announce the acquisitions of Airpower Insurance, LLC of Phoenix, AZ, AirSouth Insurance, Inc. of Dothan, AL and Weber Aviation Insurance Services, Inc. Each agency specializes in aviation insurance and are trusted names in the industry. of Eden Prairie, MN.

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AssuredPartners

FEBRUARY 3, 2021

The annual letter arrives from your aviation insurance company sounding the alarm for another approaching renewal: “Your aircraft insurance policy does not renew automatically, and we will require current and updated information from your insurance broker. Don’t make it worse.

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AssuredPartners

JULY 15, 2020

Please "},{"attributes":{"link":"mailto:aerospace@assuredpartners.com"},"insert":"contact our specialists"},{"insert":" to discuss coverage for your flying club.n"}]}

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AssuredPartners

JULY 17, 2019

{"ops":[{"insert":"The premiums for aviation insurance are going up. nYou might think, “I purchased insurance for my aircraft, won’t that protect me?” While each aviation insurance company’s policy form is slightly different, all of them exclude liability arising out of, or assumed in, a contract or agreement.

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AssuredPartners

APRIL 6, 2021

The Broker of Record (BOR) letter is one of the most powerful and abused documents in the insurance industry. Unfortunately, many less than scrupulous brokers convince lay insurance buyers to sign this document without explaining exactly what it accomplishes. This seems unfair, even anti-competitive.

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AssuredPartners

JUNE 13, 2019

is pleased to announce the acquisition of Air Capital Insurance, LLC (ACI) of Wichita, Kansas. Air Capital Insurance was founded in 2002 in Wichita by Greg Hiser and myself with the goal to establish an aviation specialty agency that distinguished itself through superior service and innovative solutions” said Glenn Tate.

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AssuredPartners

MARCH 18, 2019

When it comes to your aviation insurance policy, you have probably heard the terms “Named Insured” and “Additional Insured.” So, who is actually a “Named Insured?” ” Essentially, a “Named Insured” is the entity that owns the insurance policy.

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Workers' Compensation

JANUARY 11, 2023

The aviation industry has taken steps to address the issue of toxic fumes on airplanes. The aviation industry has taken steps to address the issue, but more needs to be done to ensure the health and safety of flight crews. Many airlines now use HEPA filters, which can help to remove toxic chemicals from the cabin air.

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AssuredPartners

NOVEMBER 27, 2018

{"ops":[{"insert":"Mistakes can and do happen, especially in the fast-paced aviation sector. This is where Aviation Professional Liability insurance can protect you. It is equally important to document to the customer that you provided a shortened inspection at his or her request.

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AssuredPartners

SEPTEMBER 30, 2020

{"ops":[{"insert":"Following the September 11, 2001 terrorist attacks, most insurers who had been offering coverage for War Risk exposures (which typically includes terrorism) quickly canceled those endorsements, per the coverage cancellation terms noted on the endorsements.

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