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Aviation Risk Management Tips

HOPE Announces New Safety & Claims Partnership

As promised, Hope Aviation Insurance is moving “Forward Together” as an AssuredPartners Company, bringing our clients new capabilities, additional resources and greater depth than ever before. Today, we are excited to announce a new partnership with Versant Safety & Risk Advocates, designed to ensure HOPE clients receive the highest level of rapid claims response and knowledgeable…

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Hurricane Relocation Expense

In case there were ever a doubt for those living along the Atlantic and Gulf coasts, hurricane season is upon us with a vengeance. In recent years, several insurance companies began offering “hurricane relocation expense” endorsements to incentivize their clients to get insured aircraft out of harm’s way. When offered, this coverage typically reimburses up…

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Aircraft Hangar Agreements

It goes with the territory. Airport territory, that is. If you want to have your aircraft in a hangar – and your insurance company certainly prefers it – then you will likely be looking at the business end of a tedious detail known as the aircraft hangaring agreement or hangar contract. There are several points…

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Key Insurance Topics

Stuart Hope reviews key topics published in past issues of AvBuyer Magazine. WAR RISK & TRIA Purchase of the insurance coverage known as War Risk Perils is a no-brainer. For a small premium, you have protection for roughly 25 excluded war perils. If the premium to include TRIA coverage is not expensive (and it usually isn’t), I would…

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Differentiate Among Insurance Carriers

In a crowded field, how do aviation insurance carriers set themselves apart from their competitors? There’s good news for operators of business aircraft. (August 2015 issue of AvBuyer Magazine) Of course every business is different, but in the highly regulated and mature field of aviation insurance creating something unique is exceedingly difficult. The actual product being…

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Risk Management and Insurance – Creating a Twin Win

Article published in The Twin Cessna Flyer Someone once told me, “You can’t score on defense.”  Unless you count recovering a fumble in the end zone for a touchback in football, no sports team scores on defense because the second they get the ball back, they’re on offense.  Now consider this idea in the context…

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Age and Aviation Insurance

Weighing the Pros and Cons of Hiring a Veteran Pilot As Francis Bacon has it: “Discern of the coming on of years, and think not to do the same things still: for age will not be defied.” Stuart Hope discusses the insurance issues related to older pilots and examines how underwriters view and address the…

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Insurance Coverage Audits: It pays to know what’s included in your policy

By Stuart Hope, as published in World Aircraft Sales Magazine (May 2013) Boards consider insurance coverage audits as part of their due diligence in overseeing risk mitigation. Stuart Hope provides a checklist of items to examine for companies utilizing Business Aviation. You’ve proceeded for years assuming your aviation insurance program is solid. Your policy comes up for…

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NBAA Releases 2014 Top Safety Focus Areas

The National Business Aviation Association (NBAA) Safety Committee released its 2014 Top Safety Focus Areas on March 5th. HOPE Director of Operations, Eric Barfield, currently serves as Chair of the Safety Committee. Read the NBAA press release here for his comments. Hope Aviation Insurance is a leading provider of insurance and risk management brokerage services,…

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The Importance of Contract Review

Article published in World Aircraft Sales Magazine We have all become dangerously accustomed to signing contracts in everyday business dealings without even a cursory reading.  Don’t make this mistake with contracts related to your aircraft. The stakes are exponentially higher! Con’-tract (noun): a binding agreement between two or more persons or parties; especially: one legally…

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