Aviation Insurance: Workers Compensation Explained

Business owners maintain a high level of responsibility. Deadlines must be met, customer satisfaction is a priority and employees need to be kept safe. An important aspect of a thorough business plan is ensuring that the company and employees are protected in the case of an injury from an on-the-job hazard.
Most states require Fixed Base Operators (FBOs), corporate flight departments, flight schools, and maintenance shops to acquire workers compensation insurance to safeguard its assets and employees. The first part of workers compensation policy covers direct work related employee injury, regardless of fault. This segment of the insurance provides medical payments and loss of pay to the incapacitated party. There are no limits set on employee injury liability.
Employers’ legal liability is the next portion of workers compensation insurance, where various limits can be purchased. This covers the legal defense of the business as well as negligence pay.
When speaking to your agent about aviation workers compensation insurance, it is best to have the estimated annual salaries of all the individuals in your company prepared, the number of individuals employed part time and full time, and their work assignments.
Workers compensation insurance is a necessity for aviation businesses and non-aviation related businesses alike. A non-aviation employer who uses general aviation aircraft for business should confirm that their workers compensation policy includes an employee flying a general aviation aircraft as a crewmember.
Workers compensation is as important to a business as choosing an insurance agent who understands your specific needs. Aviation Insurance Resources (AIR) has been providing aviation corporations with workers compensation insurance for over 15 years. With agents that average more than 30 years experience in the aviation industry, business owners can take comfort in the fact that they are properly protected by aviation insurance experts.
Aviation Insurance Resources provides a full range of aircraft insurance and aviation insurance products to fit each client’s needs. From workers compensation to aircraft insurance, AIR represents all of the major insurance markets and offers the broadest package of protection and the best available rates. To learn more about the Aviation Insurance Resources and aviation workers compensation insurance please call 877-247-7767 or visit AIR-PROS.com today and receive your insurance quote! You can also follow AIR on Facebook, Twitter, LinkedIn, and Google+.