HANGARKEEPERS LIABILITY?
Whether you simply want cover for your private hangar or liability insurance for your commercial activities within the aviation industry such as aircraft maintenance and airport support services let us advise you and make sure you are fully aware of the risks that you face. Moreover, we can provide a full and comprehensive service taking care of all your insurance requirements including business protection and any aircraft. Hangarkeepers Liability insurance provides coverage for three areas of cover being.
Aviation businesses that may require hangarkeepers liability:
- Owners or occupiers of airfield hangars used predominantly for the storage of aircraft.
- Owners and occupiers of hangars and/or airfield premises used for commercial purposes.
- Airfield/Landing strip owners
- Avionics Technicians
- Aircraft Paint shops
- Aircraft Refuelers
- Licensed Aircraft Maintenance Engineers (L.A.M.E’s)
- Aircraft turnaround organizations
- Ground equipment supplies and maintenance
- Suppliers of food and beverages to airlines
- Contract Baggage handlers
Hangar Insurance
Our team of aviation brokers can provide you with advice in relation to your Hangar Insurance needs and/obtain both the most competitive premium and policy conditions from a range of reputable insurers.
- Loss or damage to the physical buildings and/or contents, plant machinery and equipment.
- Loss of rent or business interruption cover
- Burglary & Theft
- Machinery & Electronic breakdown
- Glass & Transit
Hangarkeepers Liability Policy
Hangarkeepers Liability is a generic term used by the Aviation Insurance industry to describe a liability insurance policy. There are three sections available under a Hangarkeepers Liability policy in PNG. The type of business you operate will determine the extent of the liability risk you are exposed to, this in turn can be covered by all or some of the three sections.
Most businesses require Section 1 as a minimum. A brief description of the cover provided by each section follows:
Section 1
Section 1 provides cover for what is generally known as Public Liability. This covers you for amounts which you may be adjudged to pay to any person or persons as compensation in respect of: Bodily injury or death Loss of, or damage to the property of others caused by your negligence in the conduct of your business or any defect in your premises, plant or machinery used in the business.
Section 2
Section 2 provides cover for aircraft or aircraft components that are deemed to be in your care, custody or control or while being serviced, maintained or worked on.
Section 3
Section 3 provides product liability cover for aircraft or aircraft components or goods that have left in your care, custody or control or after they have been maintained, serviced or worked on.
Endorsements
Endorsements available to the standard wording include:
- Cross liability
- Tenants liability
- Manufacturers recommended endorsement
- Refuelers liability
- Food & drink
What is NOT Covered
As with any insurance there are policy exclusions and limitation to coverage which are usually contained in the Insurer’s policy wording or may be imposed/applied by an Insurer.
Following are few major exclusions:
- liability for bodily injury to any person, who at the time of sustaining such injury is a director or employee of the Insured or partner in the Insured’s business whilst acting in the course of his or her employment with or duties for the Insured.
- liability for any part of a claim in connection with the entitlement of a worker or employee to compensation in respect of loss of income or earnings by reason of any workers’ compensation, employees’ compensation, accident compensation, occupational health, and safety or similar legislation other than a subrogation claim brought by an insurer to recover sums paid pursuant to such legislation, which is not otherwise excluded by this Policy
- the cost of making good any faulty workmanship for which the Insured, their employees, contractors or subcontractors may be liable (but this limitation shall not exclude resulting damage arising out of such faulty workmanship).
- liability assumed by the Insured by Agreement under any Contract unless such liability would have attached to the Insured even in the absence of such Agreement.
- Riots, Strikes, Civil Commotion, Civil Disturbances, War, Invasion etc.
And there are many others, please talk to us about what may or may not be appropriate for your coverage.
As Insurance is a complex subject, please talk to us now for professional advice and to make sure your level of coverage is appropriate, adequate, and sufficient to your requirements.
The List of Risks or the range of insurances available is not exhaustive, if there are any particular risks that are possibly unique to your type of business and/or for any specific or special requirements, please seek our assistance and guidance.