AVIATION INSURANCE
We are a major provider of insurance for varying aircraft hull & liability risks. We offer comprehensive coverage for an extensive range of aircraft hull and liability exposure and our experienced underwriters develop programs tailored to each of these specific risks, including fixed and rotor wing aircraft for both commercial and corporate operations.
We have an in-house team committed to resolving claims efficiently with the insured’s best interests in mind. Our team of highly trained claims professionals will act on your behalf in a prompt and economical manner.
We offer a range of aviation related insurance covers as below through our partners from India and overseas underwriters.
Hitech Insurance Broking Services Ltd is the first only Indian Insurance Broker who is a member of the Aviation Insurance Association, US. The membership with the AIA, US helps it in bringing international best practices in Aviation Insurance, extend range of coverage at highly competitive rates. The members of the Association mutually help other members for providing best and seamless services to the clients.
Aviation Hull All Risk Insurance Policy
Our hull and liability coverage placements are either covered in our major risk, complex risk or general aviation facilities depending on the nature of the exposure. This policy is suitable for Commercial airlines and regional airlines, charter and cargo airlines operators, small aircraft operators belonging to flying clubs, companies engaged in agricultural spraying operations, aircrafts especially designed for VVIPs, business executives. The policy scope includes all physical loss or damage sustained by the insured aircraft including total loss, disappearance. All losses are paid subject to deductibles.
Airports and Helipad Insurance
We offer liability coverage for operations, ownership and use of an airport. We offer coverage on all public as well as private airports. From a risk management standpoint, the public use of private airports is the same as any other aviation business. The owners of these facilities have a duty, under tort law, to protect the public at the highest reasonable degree of care. The airport owners should carry liability insurance coverage to protect themselves from a claim of bodily injury or property damage arising from the public’s use of the premises and due to the negligence of the airport owner. This is premises liability coverage. Additionally, like any other FBO, the airport owner should consider purchasing products liability coverage and/or hangarkeepers coverage if the owner engages in selling products, performing work, or taking aircraft into his or her care. These are commercial aviation liability coverages. The limits of coverage needed and premiums are based on the size of the operation, the number of units sold or the amount of work performed. There are many unique exposures for owners of Helipads. There are the direct risks from allowing helicopters in and out of the facility, hangar keepers' exposure if you allow hangaring or storage, non-owned aircraft liability for patient or passenger loading and unloading, and/or products liability if have fueling at your facility.
Charter Operator Liabilities
The typical insured would be a corporation that charters, hires, rents or otherwise uses aircraft that are not owned in whole or in part. Use could include exposure to airports, helipads and other aviation locations where other insurance may not provide protection. Our intent is to provide more coverage through an easy-to-follow and streamlined policy. Standard coverage includes Non-Owned Aviation Liability and Aviation Premises Liability - together under one form. Other extensions are Medical Payment, Personal Effects Liability, and Personal Accident Liability.
Hull/Spares War Risk Insurance
Indemnity is provided to the aircraft as well as spares caused by war, invasion, acts of foreign enemies, hostilities, civil war, rebellion, revolution, resurrection, martial law, strikes, riots, civil commotion, malicious acts, sabotage.
Aviation Personal Accident (crew member) Insurance
This cover is designed to cover Pilots, Engineers and other crew members against injury, disablement or death arising as result of an accident. The cover is available both for ground and air travel related accidents throughout the world.
Loss of License Insurance
Operating crews of the aircraft are required to have valid license. License is liable to be suspended either temporarily or permanently on medical grounds. Consequential financial loss is covered by the loss of license policy. Cover provided is in respect of incapacity causing permanent total disablement or temporary total disablement due to bodily injury or illness.
Besides the aforementioned, general aviation policies we cover also include various other tailor-made insurance as per specific requirements of the insured.
