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The only constant in life is change. In 2018, many of our clients started to see their aviation insurance premiums increase after years of decline. Today the number one question we are asked is, “Why is my premium going up when I’ve never had a loss?” To understand the current aviation insurance marketplace, click here…

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In many general aviation businesses, the use of independent contractors is common. But how can you determine when are you responsible for providing workers compensation coverage for these workers? Click here to read all about “Determining Your Workers Compensation Responsibility with Independent Contractors.” 

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Over the past few years, a great deal has been written about two international aviation standards: IS-BAO and IS-BAH.  Both standards are based on International Civil Aviation Organization (ICAO) standards and recommended practices.  While over 250 aviation organizations are registered as meeting one or both standards, many others in our community still have questions as…

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Harvey. Irma. Maria. Otherwise known as “HIM.” Together with California wildfires, these catastrophes will leave the commercial insurance market paying out over $100 billion for claims. What does this have to do with aviation insurance? Plenty. Many of the same capital and companies that participate in the aviation marketplace also write commercial property policies that were affected by HIM.…

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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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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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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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A key initial step in setting up an aircraft insurance policy is paying attention to the Named Insured. While it may seem like an innocuous detail, getting it right and making sure the Named Insured properly understands the extent of their obligations is important. So much so that we included it as part of our…

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Well, it’s just now beginning to impact insurance. The pilot shortage, that is. After years of debate, it appears a bona fide lack of highly-experienced pilots might be closer to reality. Many business aircraft operators we talk to are having a harder and harder time finding and keeping talent in the cockpit. This is becoming directly…

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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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