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Whether you are a business owner and
pilot who rents or borrows aircraft for company business, or a
corporation that charters aircraft for
business use, you need non-owned aircraft insurance
to protect your assets
from the unexpected.
Corporate Non-Owned Aircraft Insurance
Corporate Non-Owned Aircraft Insurance policies
can cover many types of aircraft provided they are only
operated by pilots furnished by the aircraft owner such as chartered
aircraft. With chartered aircraft the exposures are mainly contingent
liabilities since the charter customer is not directly involved with
the operation and maintenance of the aircraft. If the pilot is an
employee of the corporation being insured, coverage may still be
available, but would be rated in accordance with the pilot's experience
and may be limited to certain aircraft types or models.
The cost for this coverage must be quoted by the
insurance company because corporate insureds usually require higher
limits of liability than an individual pilot. Also, the rating depends
on whether any employees of the corporation will serve as pilots or if
only chartered aircraft will be used (pilots furnished by owner). If
employee pilots are involved, the pilot experience and types of
aircraft
to be used must be factored in along with other information such as
anticipated hours and geographical areas involved.
Corporations that own aircraft can usually have
the
insurance on their owned aircraft endorsed to include the corporate use
of non-owned aircraft, although this feature is not always part of a
corporate aircraft policy. An endorsement can also be added to include
property damage liability resulting from damage to the non-owned
aircraft.
Fill
out our Quick Quote form today with a little information
about
your corporation and the aircraft you rent or charter and
we’ll help arrange competitive insurance quotes right away. Or simply
give us a call and
we'll walk you through the
process.
Chartis Individual/Business Non-Owned Insurance
Program
For the pilot that rents or borrows aircraft for
use on company business, Chartis Aerospace Insurance has a standardized
rate non-owned aircraft insurance policy offered that covers:
- Personal and business related
flying in
non-owned
fixed wing, non-pressurized, land aircraft
- Non-turbine single
engine of 450 horsepower or less (including non-powered
sailplanes)
- Capacity of no more than seven (7) total
passengers and/or seats (1
pilot and 6 other passengers)
- Standard, Experimental, Restricted
or Light Aircraft Certificate
- Not furnished to you for more than
thirty (30) consecutive days
Liability Coverage is
available in 4 increments
- $25,000 per passenger / $250,000 per occurrence
- $50,000 per passenger / $500,000 per occurrence
- $100,000 per passenger / $500,000 per occurrence
- $100,000 per passenger / $1,000,000 per
occurrence
Physical Damage Coverage
is available in
conjunction with Liability Coverage. Increments
for this coverage range from $5,000 to $200,000.
Optional Coverage:
- A "Civil Air Patrol
Endorsement" can be added to expand coverage for your involvement in
sanctioned civil air patrol activities.
- TRIPRA (terrorism risk insurance) coverage can
be added for $1
- Your employer may be named as an additional
insured for an additional fee
- A discount is available for AOPA members
Download the non-owned
aircraft insurance application form today. Just fill out
the form, sign it, and mail it to our office with your payment. If you
have any questions, just give us a call and we'll be happy to help.
Multi-engine or Rotorwing Coverage
If you need turbine, multi-engine, or rotorwing non-owned aircraft
insurance, please contact us. The coverage is available but not on a
standardized rate basis, so it will need to be quoted by the insurance
company.
Fill
out our Quick Quote form today with a little information
about
your corporation and the aircraft you rent or charter and
we’ll help get you
competitive insurance quotes right away. Or simply give us a call and
we'll walk you through the
process.
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