Liability Insurance
Aviation Product Liability Insurance: Zero Hassle, Cover in Minutes.
A small fault in a supplied part can cause catastrophic results.
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Bringing together global aviation supply chain expertise and specialist regulated insurance providers:
What is Aviation Products Liability Insurance?
Aviation Product liability Insurance protects against third party bodily injury and/or property damage caused by products or services supplied to a customer.
Policy covers injury or property damage to third parties.
Protection if you supply or repair aircraft components.
Cover for liabilities for services you provide to third parties.
Protect people and property from injury or damage as a result of deffective goods.
What is it?
If you supply aircraft parts Aviation Product Liability Insurance covers your liability for goods and services that you have provided after they have left your care, custody, and control.
Exposure
General liability policies often exclude aviation related exposures and grounding liability. Small faults can result in big legal liabilities and costs.
Protection
As a manufacturer, designer, repair station or supplier, you have a duty of care to your customers. Protect your business from costly third party bodily injury and/or property damage claims.
Legal Requirement
To comply with your legal and contractual obligations speak to one of our product liability cover experts today.
WHO CAN BENEFIT
So who is aviation products liability insurance for?
Original Equipment Manufacturers (OEMs)
Parts Stockists
Aircraft Maintenance
Line Maintenance
Repair Station Operators (Part 145)
Distributors
MROs
Supply Chain
What is Product Liability
Product liability is designed to protect the insured against third party bodily injury and/or property damage caused by an aviation product that the insured has provided to a customer.
For example, if a manufacturer makes a fan blade in an engine which causes an aircraft to crash, they could be sued by a third party for the damage caused.
What is it Designed to Do?
Product liability is designed to protect the insured against third party bodily injury and/or property damage caused by an aviation product that the insured has provided to a customer.
For example, if a manufacturer makes a fan blade in an engine which causes an aircraft to crash, they could be sued by a third party for the damage caused.
Get started by contacting our aviation specialists:
Frequently Asked Questions about Flycovr Ltd
Does flycovr advise on insurances?
No, Flycovr Ltd, is an independent platform that is not regulated to advise on insurance by the Financial Conduct Authority. Flycovr acts as an introducer and connects customers with regulated advisers specific to your needs.
What does being “an introducer” mean and are Flycovr Ltd regulated by the Financial Conduct Authority?
Flycovr Ltd can obtain customer information and provide access to insurance products if the information is deemed suitable for that area of specialism for that regulated insurance adviser.
Under Chapter 5, of The Perimeter Guidance manual, within the FCA Handbook, flycovr Ltd operates as an introducer or referrer, enabling the provision of information about a potential policyholder to a relevant insurer or an insurance intermediary. Our regulated and specialist broker partners will organise and underwrite all insurance policies. Flycovr Ltd does not provide or underwrite the insurance products purchased.
Who has access to my data?
flycovr Ltd will have to provide the information provided by our customers to insurance advisers to be able to get you the correct advice required for the desired insurance products. flycovr Ltd will not pass your information onto any other entities other than registered insurance providers within the flycovr network.
Frequently Asked Questions about Liability Insurance
I already have liability insurance. Why do I need this?
That’s excellent. But how do you know you’re getting the best value? We have had instances where clients are insured through general insurers and policy wording excludes aviation components or practises. So, it costs you nothing for an independent expert to review your policy and requirements and give provide a current review. If you already have the best deal, then they will advise you to stay with it. But usually by shopping around at renewal you will get a better deal or the ability to bundle policies to enjoy a better dela overall.
How long does it take to get a quote?
Flycovr guarantees to connect you to an aviation expert in 60 minutes or less. This is the first phase of understanding what exactly you need and connecting you with the right regulated insurance partner to provide the advice that you need. All of this can be done within minutes. Typically, our clients are talking with an insurance partner within the hour or at least the same day in most cases. There are not many policies or provisions our team has not come across as we work with some of the most trusted and reputable insurance brokers and underwriters on the planet. Together, we will expedite the process minimise administration and get you a quote within hours.
I already have this as part of a larger policy. How difficult is it to switch over?
It’s simple. We do this all the time. Our trusted insurance partners. Having reviewed your specific. Requirements will usually request oversight of all your other insurance requirements. So that they can take everything into consideration when providing you the best liability quote. Often great deals can be found by bundling policies. And it’s very straightforward to switch over one or all your policies to our partners. We will see. We will support you throughout the whole process to ensure a seamless switch.
Liability Cover
What is Product Liability Insurance
Product Liability covers your liability for goods and services that you have provided after they have left your care, custody, and control. General liability policies often do not cover aviation related exposures and certainly don’t cover grounding liability. Small faults can result in legal liabilities and potentially large costs.
Access an Aviation Insurance Expert through Flycovr Partners today
Bodily Injury or property damage arising out of the possession, use, consumption or handling of any goods or products manufactured, constructed, altered, repaired, serviced, treated, sold, supplied, or distributed by the Insured or his employees after such aviation goods or aviation products have ceased to be in the possession or under the control of the Insured.
Summary:
Bodily Injury or property damage arising out of the possession, use, consumption or handling of any goods or products manufactured, constructed, altered, repaired, serviced, treated, sold, supplied, or distributed by the Insured or his employees after such aviation goods or aviation products have ceased to be in the possession or under the control of the Insured.
Who Can Use it?
Do you sell part(s) or provide a service to customers that you owned, maintained, repaired, overhauled or serviced?
design
manufacture
repair
alter or supply any product
If yes to any of the above, then you MUST have product liability cover.
Often included in PPH alongside Products and Hangar Keepers.
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