Risk Management and Insurance for Aviation and Airport Businesses
USI’s Aviation specialists have been involved in aviation insurance since 1968. As former underwriters and active pilots, the USI Aviation team provides first-hand, comprehensive knowledge of the aviation sector. Our industry expertise includes corporate aviation, aircraft management, municipal/government airports and fleets, commercial aviation (fixed wing and rotary wing), maintenance repair and overhaul facilities, regional, national and international air carriers, on demand air taxi services and aerospace/aviation manufacturing.
USI’s Aviation team brings a complete understanding of the specific risk management challenges associated with aviation related businesses such as employee and passenger safety, terrorism, government regulations, technology, products liability and complex operations locally and abroad.
USI structures insurance solutions and services for aviation and airport businesses including:
- Aircraft Hull Insurance
- Aircraft Liability Insurance
- General Liability
- Aircraft Products Liability
- Environmental Liability
- Workers’ Compensation
- Auto Liability
- Cargo Liability
- Property Coverage
- Management & Professional Liability
- International Exposures
- Aviation Risk Management Consultation
- Aviation Loss Control
- Insurance Program Audits and Program Design
- Claims Management and Audits by USI Aviation Claims Professionals
- Contractual Review and Analysis for insurance related stipulations across Management Agreements, Purchase Agreements, Maintenance/FBO Contracts, Hangar Agreements and Charter Agreements
- Emergency Response Planning
To analyze our client’s business issues and challenges, our Aviation Practice leverages USI ONE®, a fundamentally different approach to risk management. USI ONE integrates proprietary business analytics with a network of local and national technical experts in a team based consultative planning process to evaluate the client’s risk profile and identify targeted solutions. Clients then receive tailored recommendations for improving their total cost of risk.
Experience the USI ONE Advantage® and learn how our Aviation team works with aviation and airport businesses to control risk and improve margins both on and off the ground. Email
PCsolutions@usi.com to learn more or contact your local USI office today.
USI’s Contract Review Increases Limits of Liability by $250 Million for International Airport While Reducing Overall Premium Spend by $180,000
USI’s Aviation team was assisting an airport client whose Limits of Liability were not keeping pace with airports of similar size due to budget constraints. USI’s team conducted a Contractual Review of all Airport Operations Agreements opening up opportunities for liability transfer through tender opportunities. USI also implemented aggressive Loss Control and Safety focus programs contributing to additional cost containment for the client. After USI’s contract review and program implementation, the Airport was able to increase their overall Limit of Liability protection by $250,000,000 while, at the same time, reducing their annual premium by more than $180,000.
USI’s Aviation Specialists Create National Proprietary Property and Liability Program Saving Major US Airports/Airlines $1 Million and Providing Program Control
Several US airlines and airports were unable to control the insurance component of Fuel Storage Services as the program was historically provided by a third party on a cost plus basis. USI’s Aviation specialists developed a proprietary risk program providing a long term solution for airlines and airports to properly insure the assets and operations of Jet-A Fuel Storage Facilities and Hydrant Systems at most of the major international airports throughout the continental US and Hawaii. This innovative program created consistency in developing Manuscript Policy Wording and unified Claims Handling, replaced third party vendors providing the participant clients with control over their own program, and created economies of scale delivering over $1 Million in savings.
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