Private aviation is a unique corner of the aircraft industry, and it comes with its own challenges and rewards. Most general liability insurance is not specified to cover liability in private aviation. Here are the key steps to positioning your business to get the coverage that is necessary for private charters.
What Are the Training Standards?
Private aviation is known to hold a higher risk when compared to its commercial counterpart. This risk should be offset by preemptive safety training that meets the FAA standards for major airlines. Mitigating safety risks can help with finding insurance policies at a better price. The quality of luxury in private charters should have an equal level of safety standards.
What Needs to Be Covered?
There are several unique liabilities that need to be covered to ensure the safety of passengers as well as the aircraft. Work with an insurance provider to find a policy that includes:
- General liability
- Environmental impairment
- Workers’ compensation
- Cargo liability
Aviation insurance policies differ from other transportation policies. You need to have coverage with distinct terminology for operating an aircraft.
Obtaining the right training and coverage ensures protection from unforeseen liability in private aviation. Preparedness and the right insurance can help private charters match the quality and safety standards of the commercial airline industry.