Non-Owned Aircraft Liability Insurance

Non-owned Aircraft Liability Insurance The setting is common in our business environment. An important meeting requires senior executives to charter a corporate aircraft because the corporation’s airplane is busy flying or the corporation simply doesn’t own one. So you call the local aircraft charter company and make arrangements for the flight. This trip will facilitate the timeliness of the meeting and give the corporation an edge on it’s competition. Unfortunately, something goes terribly wrong and there’s an accident. The charter company secured insurance coverage for its operation but liability suits begin to overwhelm the charter company and you soon find out that it’s not enough to cover the claim. The claimants are now directing their legal recourse against the corporation. Why you ask? The existence of the flight originated from your meeting. Hence the need for non-owned aircraft liability insurance arises.

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