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Airport Liability Insurance

Included in aviation insurance is Airport Liability Insurance. The purpose of airport liability coverage is to protect the owner or operator of an airport against loss because of legal liability due to maintenance or use of the airport and all operations at or away from it. The courts have consistently held the aircraft operators responsible for the safety of the aircraft and the public as well.

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Coverage Highlights

The declarations under the airport premises liability include the following:

Name and Address of the Insured
Coverage and Limits of Liability protection
Description of premises and purpose of use (ie. fixed base operators)
A schedule of coverages included
Whether the insured’s interest in the premises is that of owner or general lessee or tenant.
Products Completed Operations for Fixed base operators, fuel providers, and maintenance repair overhauls MROs
Number of hangars and aircraft tie downs

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Airports that are covered:

Commercial airports servicing airlines such as international airport like Miami International Airport, Houston Airports, and Los Angeles World Airports
General Aviation Airports operated like a business. They do not service commercial operations and are often smaller like Van Nuys Airport, Henderson Executive, Fort Lauderdale Executive, and Miami-Opa locka Airport.
Private airfields and airport operations that are not open to the general public such as Ocean Reef Club and Alpine Airpark.

Premium

Airport premises liability policies generally contain a specific description of how the premises premium will be computed. Generally you can expect the premium to be somewhere around 1% of the annual sales. So if the airport is netting $5,000,000 from fuel, hangars, tie downs and additional services, you could expect the premium to be around $50,000 annually. There may be some $10,000 to $20,000 deductibles.

What is covered under airport liability insurance?

The most common people that purchase airport liability insurance are Airport Owners and Municipalities, Fixed Based Operators, Airline Operators, Maintenance Companies or MROs, Fuel Providers, Hangar Owners and Tenants.

Additional coverage options

Aviation Commercial General Liability is either a general aggregate or per occurrence. So if an airport has $100,000,000 per occurrence they can have multiple losses with a total over the limit in a policy period or year.

Medical payments can be provided to cover all reasonable medical expenses incurred by the insured arising out of injuries to members of the public wile on the premises

Already have airport liability insurance?

If you already have coverage on your aircraft or airport liability insurance, when is the last time you had an extra set of eyes re evaluate the risk and premium?

Areas to monitor are:

Liability insurance limits available
Coverage and risks
Services
Aircraft
Cost savings

Questions to ask your current carrier

Can we get the insurance company out to the airport to visit our airport and operations?
Does the insurance company have risk management tools to help us manage risk?
Can you provide us with the previous 5 years loss runs?
Have you been updated on the average annual number of aircraft landings?
Have you been updated on the average annual gallons of 100LL and Jet A fuel sold per year?
Do you have updated records of our fire protection systems in buildings, property, and hangars?