Aviation

OUR APPROACH

What to Know

Aviation insurance provides essential protection for businesses that own, operate, or lease aircraft, covering a wide range of risks related to aviation activities. This coverage helps protect against the financial impact of physical damage to aircraft, liability for passenger injuries, and damage to third-party property, whether in the air or on the ground. From small private planes to large commercial fleets, aviation insurance safeguards both your assets and operational stability. IMA’s team of aviation experts is adept at placing coverage including but not limited to:

• Fixed Base Operators (FBO) Liability: This addresses liability for services typically offered by FBOs, such as fueling, aircraft parking, and customer handling. It’s designed to protect against claims from incidents on FBO-managed premises or during service operations.
• Maintenance, Repair, and Overhaul (MRO) Liability: This protects against liability arising from aircraft servicing, parts installation, or repair activities. It includes coverage for completed operations, which is crucial if liability claims arise after maintenance work is completed.
• Airport Premises Liability: This covers legal liability for bodily injury or property damage occurring on aviation-related premises, such as hangars, offices, or ramps.
• Products/Completed Operations Liability: This provides protection for liability arising from products or services offered by the business, including fuel, maintenance, or flight instruction, which is essential for aviation businesses offering these services.
• Hangarkeeper’s Liability: This is critical for businesses that store, service, or repair aircraft, as it protects against physical damage to aircraft in the business’s care, custody, or control.
• Non-Ownership Hull & Liability: This covers liability for physical damage or bodily injury when using aircraft not owned or leased by the business, such as for test flights or demonstrations.
• Environmental Liability: With fuel and hazardous waste disposal common in aviation, this coverage protects against liability for pollution incidents, such as fuel spills, which can be highly relevant to aviation operations.

In today’s complex regulatory environment, having a dedicated aviation risk management team is more than a necessity—it’s a strategic advantage. IMA is committed to ensuring your business is well-prepared to manage aviation risks, from preventing incidents to responding effectively when they occur.