“All life is the management of risk, not its elimination.” –Walter Wriston
While taking courses to become a licensed pilot may be fun and exciting, many pilots do not understand the risks of private aviation. Personal or Recreational Aviation account for 50% of all flying but 76% of fatal accidents, so it’s important to have the proper insurance protection in the event of a major accident.
Swingle Collins & Associates can provide you with comprehensive hull coverage, high liability limits and excess liability coverage over a wide range of personal aircraft and fractional ownerships. We also have the ability to properly insure your hangar, pilot and crew.
Some areas of concern for aviation exposures include:
- Pilot Experience vs. Requirements
- Named Pilot Warranty vs. Open Pilot Warranty
- Aircraft Sophistication
- Airworthiness Certificates
- Usage- Stunt, Business, Pleasure
- Independent Contractors Exclusion
- Domestic vs. Foreign Flights
- Most Umbrella Policies Specifically Exclude Aviation Exposures.
Talk to your Risk Manager regarding your possible aviation exposures.