Aviation Product Liability
Aviation Product Liability is classed as a high-risk insurance group due to the potential to cause harm to both people and business. Whilst the insurance needs to cover the main areas of injury or damage caused by the failure of a component it also extends to include Grounding cover. This covers the eventuality of all aircraft of a particular type being grounded following an incident, with consequent liability upon you for loss of use to the owners of undamaged aircraft.
Key considerations with regards to insuring business with Aerospace or Aviation products are the Quality Assured systems and accreditation adopted e.g.
- ISO 9001
- AS 9100
- End user quality requirement (Boeing / Airbus / SC 21)
This insurance is provided to manufacturers of components intended for the aviation industry, where they are nuts and bolts or aircraft wings, this is a vital insurance cover as the cost of claims can be sky high.
To makes sure that your business gets the right protection at the right price call the Noyce Team to protect your Aviation Products.