What is Aviation Insurance?
While the aviation industry has stringent safety standards, flying carries some serious risks - both on land and in the air. So whether you’re a private pilot or you fly as part of an airline, it’s important to protect your business with aviation insurance.
With the right aviation insurance, your business can be covered for risks such as aircraft damage, third party, passenger injury or third party property damage claims.
Who should consider it?
Aviation insurance can cover all aircraft, including airlines and private planes, pilots, refuellers, operators of hangars and baggage handlers.
Whether you fly for a living or for pleasure, you should consider the protection offered by aviation insurance.
“The accident and fatal accident rates for general and recreational aviation reflect the higher-risk operational activity when compared to air transport operations. They also reflect the significant growth in recreational aviation activity over the last ten years.”
The Australian Safety Transport Bureau, 2018
In 2016, almost 230 aircrafts were involved in accidents in Australia, while 291 aircrafts experienced a serious incident (an incident with a high probability of an accident)
(Australian Transport Safety Bureau, Aviation Occurrence Statistics - 2007 to 2016, 2018)
The most common incidents in 2015 were wildlife strikes, issues with aircraft systems and weather-related issues
(Australian Transport Safety Bureau, Aviations Occurrence Statistics - 2007 to 2016, 2018)
Aircraft movements in Australian airports increased by 33% between 2001-02 and 2014-15
(Department of Infrastructure and Regional Development, Aviation Rescue and Fire Fighting Services Regulatory Police Review, 2015)