AVIATION PRODUCTS LIABILITY INSURANCE
A changing legal environment can mean higher risks for manufacturers, who are liable for a host of claims ranging from alleged faulty design to alleged poor workmanship.
Product liability policies protect manufacturers against third party legal liability arising from damage or injury caused as a result of a failure of their product. Coverage can be extended to include 'manufacturer's hull' exposures, and other aviation coverages depending on the activities and risk profile of the manufacturer. The liability exposure of the product provider continues as long as the product remains in the marketplace.
Some of the area covered include:
- Bodily injury and property damage liability
- Grounding liability
- War, hi-jacking and terrorism
- Airport Premises
Coverage can also include test, ferry and demonstration fights.