In the Sky or on the Ground—Your Aircraft Deserves the Best Protection
From aircraft damage and passenger liability to cargo losses and ground handling risks, aviation businesses face enormous financial and operational threats. A single incident, mechanical failure, or legal claim can cost millions and disrupt operations. Edify’s Aviation Insurance provides comprehensive protection, ensuring airlines, manufacturers, and service providers stay resilient in the face of uncertainty.
Aircraft operations involve multiple stakeholders, and each one is exposed to potential liability. Without Aircraft Insurance Coverage, businesses can suffer legal battles, revenue losses, and reputational damage.
Who Needs Aviation Liability Insurance?
Ground & Airside Hull Cover
When there is an accidental loss or damage to an aircraft while it is on ground, moored, taxiing or in flight you need a cover for the risk of the loss. This extends to accidental losses to temporarily removed components while the aircraft was being repaired or overhauled for maintenance companies.
Passenger and Crew Liability
Every carrier needs to create a passenger and third party liabilities cover including damage to the cargo. One should have a comprehensive crew personal accident cover to create an adequate coverage for a death and disability and also a loss of license cover arising out of disability.
Ground Handling and Refuelling
Ground handling companies are exposed to damages to aircraft which can lead to a direct accidental loss and damages to third parties owing to a handling gone wrong. Operations, Supply and Storage of aviation fuels, lubricants and hydraulic fluids need a legal liability cover.
Baggage and Cargo Handling
Companies in the business of handling of cargo and baggage in air transit are exposed to several risks including damage to loss of loss of hull due to their error. They need to be indemnified against the loss of cargo also apart from the aviation specific losses and third party damages.
Manufacturers and Maintenance
Aircraft manufacturers or repairers need insurance to protect himself from risks that result from the faulty design of the aircraft or those due to defective repair work. The policy indemnifies them all sums that he might be liable to pay as a result of defective workmanship or manufacture.
Hangarkeeper’s Liability
This Insurance protects against the risk when an Aircraft is in the care, custody & control of the assured who does not own or operate the Aircraft. It covers the risk when there is physical damage to the Aircraft or premises of a third party arising from a Aircraft in hangar or being serviced.
Loss of Use Insurance Policy
Like any other business interruption air operators need to protect against a loss of revenue arising from an aircraft grounded or laid up due to accident or for repairs. The cover for this policy allows indemnification only in the situation of a partial loss and may not cover a total loss of revenue.
Breach of Warranty Policy
Aircraft financiers would need protection for their loan outstanding in an aircraft. There may be situations where a breach of warranty by an operator may result in a claim not being payable for an aircraft loss. The cover still repays the outstanding to the financing company.
Ransom Indemnity Cover
This policy provides an indemnity to the insured to the extent of 60% of any payment that the insured may be forced to make due to threats against the insured aircraft. This cover is extended without additional premium but does not cover 40% of the ransom payable which is at the insured’s risk.
