Aviation

Civil liability coverage protects you from property damage or bodily injury that you may involuntarily cause to a third party or to one of your clients, anywhere your activities take place. As a result, this coverage is necessary in order to protect your business in the event of a lawsuit or claim attributable to your operations, your places of business or your operations. It is important to properly assess the chosen limit in relation to the actual risk because the consequences could be catastrophic for the survival of your company.

Adding the executive risks coverage, also known as “D&O”, allows your company’s directors and officers to be covered. These directors and officers carry the responsibility of acting in the best interest of the company. Whether you are the member of a board or run a company, you could be held personally liable of any wrongful act in the management of a company. This insurance also covers defence costs in the event of allegations or legal action brought against members of a board or business executives.

Damage to non-owned aircraft provides coverage when you charter an aircraft that does not belong to you.

This insurance provides coverage in the event of that legal action is brought against you by passengers and their beneficiaries. If an accident happens on your aircraft and one or several people get injured or die, the family members could sue you. The defence costs would then be covered by this insurance.

This insurance provides coverage for property damage and bodily injury that you may involuntarily cause to a third party on the airport premises. As such, if a third party gets injured on these premises and decides to sue you, your defence costs would be covered.

This insurance provides coverage for property damage and bodily injury that you may involuntarily cause to a third party on the premises of your hangar. For example, the damage caused to your clients’ aircraft while in your hangar is covered.

By adding this coverage to your standard insurance policy will cover damage caused by water to your business.

Your two coverage options are:
– Sewer back-up endorsement: this insurance covers sewer back-up as well as sump pump leakage.
– Flood endorsement: you are covered in the event of a body of water overflowing onto the premises.

This insurance covers physical damage to the aircraft.

Your two coverage options are:
– Coverage for while the aircraft is in motion or not in motion
– Coverage for while the aircraft is not in motion only

By adding this coverage to your aviation insurance contract, you will be protected in the event of property damage, such as:

– Parts
– Engines
– Navigation equipment
– Aircraft equipment
– Survival equipment
– Auxiliary fuel tank
– Isolated and auxiliary landing gears
– Service and maintenance records
– Repair tools and equipment

This insurance not only covers liability related to the management of the private information of your clients, employees and your company but also that of your personal data in the event of hacking.

It also includes the following types of coverage:
– Protection against accidental computer breaches
– Coverage for data recovery costs
– Coverage for data breach reporting costs

This insurance covers lost profits or expenses incurred in order to maintain the normal business operations in the event of a major peril. For example, rental of buildings or equipment as well as compensation for decreased income.