Aviation businesses fill a wider range of niches than many people realize, and as a result, they often have widely different insurance needs. There is one common type of coverage they all rely on, though, and it’s quite similar across the industry, although the costs scale with the number of planes your business owns and the capacity of each. That coverage is your general liability policy. Most companies have some kind of insurance called general liability, but it varies a lot according to your industry and your niche. Aviation businesses need policies that are very different from grocery stores, even if some provisions are shared between them.
Public and Third-Party Liability
When your business involves a flight, you take on risks that affect the general public, and you need liability coverage that adequately balances those risks. Whether you are doing skywriting, transporting passengers, or providing fast courier services, those risks are still in play whenever you fly. On top of that, you need professional liability in private aviation provisions to protect your actual clients, your employees, and any visitors from suppliers or client companies. That kind of risk management planning is best left to professionals, which is why it’s a good idea to talk with a provider who makes general liability for aviation businesses a top priority.