Advantages
THE AIRCRAFT BUILDERS COUNCIL MASTER LINESLIP
Aviation Products and Grounding Liability Insurance Program Provides:
- Capacity of up to USD 1 billion
- AVN52 cover up to USD 500 million
- Non Occurrence Grounding up to USD 50 million
- Broad aviation products and related risks coverage
- Introductory discount and increased long term continuity credit for consecutive renewal
- Centralized claims management and defense by experienced aviation counsel
- No cross claims among insureds, which reduces defense costs
- Product integrity programs and seminars at insureds' facilities at no additional cost
- A Board of Trustees who, with American and London brokers, continuously review and monitor the effectiveness of the program
- An annual conference which is an informational forum on recent developments in aviation, insurance and products liability
ADDITIONAL COVERAGES
U.S. Portal - Aviation Products and Grounding Liability up to USD 50 million- Created for smaller sized manufacturers, this aircraft products insurance facility can provide coverage up to USD 50 million and is ideally suited for those companies who serve an increasingly vital role by providing high quality products throughout the aerospace industry supply chain.
Aviation Product Recall up to USD 20 million
- The policy is aimed at Tier 2, 3 and 4 suppliers to the industry with sales of less than USD 1 billion producing components ranging from simple bearings or fasteners to complex avionics. This market-leading product has been designed to fit to aviation component part manufacturers contractual exposure.
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