Aviation Product Liability Insurance
Aviation product liability insurance is a significant factor for manufacturers supplying components and parts to the industry when analyzing potential risks. Aviation Product Liability exposure includes, but may not be limited to, any person or business that designs, manufactures, builds, repairs, or even supplies a product that is sold or given away for free. You may be held legally responsible for any bodily injuries to people, damage to property caused by a faulty product, and more. Product liability coverage is essential for people and businesses.
Consumers demand top quality products. Unfortunately, with defects, malfunctions, design flaws, improper maintenance, or improper installation, any aviation product can result in significant loss. Services including aircraft repair, service, manufacturing, and more can have significant product liability exposure.
Our products liability aviation insurance policies are always backed by the major aviation insurances carriers to help mitigate risk. Aviation products liability policies help specialized firms and assist in meeting their commitments and needs. A tiny flaw in a single component part provided to the aviation sector might have disastrous consequences and expose the insured to legal liability. Aviation businesses generally have a responsibility to protect consumers from harm or damage caused by a flaw or failure in their products.
While pilot error is considered the most common cause of aviation accidents, a product flaw can occasionally be identified as the likely cause of an incident. Airplanes are complex machines with thousands of parts, both stationary and moving. Significant items like engines or landing gear, along with many smaller components like switches, caps, and even bolts can contribute to aircraft safety. In the event of a claim, you may be held legally accountable for many reasons including supplying, maintaining, repairing, producing, or even working on a component utilized in an aircraft.
Insurance policies are generally available for equipment, avionics, landing gear, engines, airframes, and so much more. Personal bodily injury and property damage, Airport Premises liability, and non-owned aircraft coverage can help with risk. Aviation product liability coverage can help safeguard financial interests.
Our team at Travers & Associates has extensive training in assisting aviation professionals in finding a policy that best fits their needs. As a family-owned company since 1950 and now third generation owned, we strive to be the best. We are one of the nation's leading aviation insurance brokers. Our insurance agents are aviation insurance specialists and have excellent ties with aircraft insurance providers and manufacturers. We can offer aviation general liability insurance, commercial aviation insurance, pilot life insurance, hangar insurance and so much more.
