New Professional Liability Product Offers Peace of Mind to Aviation Pros

January 30th, 2018

Re-posted from Global Aerospace

Business in general, and the aerospace business in particular, is extremely fast paced. Despite their best efforts, aviation professionals, like all professionals, can and do make mistakes. These errors cover the spectrum of things from inadequate pre-buy inspections, to improper engine overhauls, to inadvertent disclosure of confidential information.

While these mistakes don’t result in property damage or bodily injury, they can have an adverse impact on a client’s business that produces financial ramifications. Consequently, these “errors and omissions” may create exposure for the service provider that results in monetary loss, including costs associated with their legal defense.

Historically, professional liability policies to cover the mistakes of those in the aviation and aerospace industry have been difficult or costly to obtain. Some aviation pros have looked to traditional errors and omissions insurance providers for coverage. However, those insurers are unfamiliar with the unique exposures in the industry and tend to charge more for policies.

Other people seeking coverage purchase a policy from the international surplus lines market, but have to endure the high costs charged by providers in London and elsewhere. In short, there has not been a product ideally suited to meet the professional liability needs of those in aviation-related fields.

Introducing Aviation Professional Services Liability Insurance

As the need for an affordable errors and omissions-type policy provided by a U.S. insurer that is familiar with aviation risk became apparent—both through observation and many inquiries from people in the industry—Global Aerospace decided to develop a product that addresses that need. The result is our Aviation Professional Services (APS) Liability Insurance.

This claims-made insurance covers wrongful acts that result in financial loss that is measurable in monetary terms but that does not occur as a result of bodily injury or property damage. Wrongful acts are errors or omissions committed by a policyholder that arise out of the rendering of or failure to render aviation professional services. The coverage is designed to help professionals in a number of aviation- and aerospace-related fields, including:

  • Auditors
  • Engineers
  • Safety experts
  • Consultants
  • Maintenance providers
  • FBOs
  • Aircraft sales dealers

These are just a few examples. Virtually anyone involved in the aviation and aerospace business can benefit from APS liability insurance.

Delivering Benefits for Your Defense

A substantial benefit of the Global Aerospace APS liability policy is that it contains no limitation on defense costs. Some general professional liability policies outside of the aviation industry include defense costs within the policy limits. With those policies, each dollar spent to defend a claim or suit reduces the amount available to resolve the claim on behalf of the policyholder. A limitation like that could be significant. The Global Aerospace APS liability policy eliminates that uncertainty because defense costs are paid in addition to the limit of liability. This results in even greater value for the aviation professional.

An Important New Insurance Solution

We believe that APS liability insurance is one of the most important business investments aviation professionals can make. And if the tremendous interest we’ve seen from clients, the brokerage community, and the industry in general in the short time since our new coverage was announced is any indication, we’re not alone in that assessment. This new product clearly and effectively addresses an unmet need.

Aircraft Insurance Broker Welcomes 19th Year of Continuously Insured Pilots

January 8th, 2018

Working for you

As many new business owners do, Jon Harden was working around the clock and weekends his first few years at AIR. It was one Sunday in February when Pete called. Pete has owned eight aircraft and currently is the proud owner of a Beechcraft Baron. Each year Pete participates in the Bonanzas to Oshkosh (B2Osh) formation migration from Rockford, Illinois to Oshkosh, Wisconsin.

“I was expecting to have to leave a message after dialing a couple of options. Instead, Jon picked up, on a Sunday nonetheless! I immediately switched to him and haven’t looked back!” Pete explained.

After each flight to EAA AirVenture/Oshkosh, Pete makes a point to stop by and catch up with Jon at the AIR booth in Hangar A. While Jon does not have to work weekends quite as often these days, he still operates at the same level of prompt customer service.

Unique Aircraft

Another Beechcraft has found its home at AIR over 18 years ago. Ingrid is often found at Frederick Municipal Airport flying her Bonanza or enjoying AIR’s summer cookouts. But her true pride and joy has been covered through AIR for 17 years now, a newly restored J3 Lenape Papoose. This 1939 Piper Cub is equipped with a 3-cylindar radial engine and is one of only three flying in the United States! This very Cub once held the world record for aircraft time aloft. Ingrid’s Cub graces many of AIR’s marketing materials!

Ray was AIR’s 32nd client and he still insures through us today! Besides his Cessna 172, AIR also protects Ray’s 1977 Varga. Known for its reliability and simplicity, Varga pilots could spend the whole day boasting about their aircraft. However, not all insurance markets readily write this make and model aircraft. Since 1999, AIR agent Chris Wolbert shops all the major aviation insurance markets for Ray’s Cessna and Varga each year before renewal. Chris has earned Ray’s business year after year by providing competitive rates for both aircraft and by keeping them on one policy for increased convenience.

“I really appreciate what the agents at AIR do because they are pilots, not just insurance agents!” airline pilot Curtis exclaimed. All insurance agents at AIR are pilots and are passionate about the aviation industry they serve. Each pilot has a different background and a diverse blend of aeronautical experience.

Curtis is approaching his 19th renewal with AIR. He prefers to keep all five of his aircraft on one convenient policy as well. He currently owns a Cessna 140, Cessna 150, a Piper J3 Cub, an RV-8 and a multi-engine amateur built aircraft, the Wickham B. The Wickham B is the only aircraft of its kind, designed by Jim Wickham, an engineer with Boeing in the late 1960’s. It sat in storage for several decades before being restored in 2002 and later purchased and flown by Curtis.

Bob’s 1950 Beech 35 Bonanza is a show stopper. In fact, it has made it to the centerfold of an aviation magazine! Featuring a IO 470 D’Shannon engine upgrade, an advanced avionics suite, and superior paint and interior, his number one priority was properly insuring the aircraft he invested so much into. When shopping for aircraft insurance, Bob encountered the issue that the stated Bluebook Value of the aircraft was much less than the value due to its extensive upgrades. That’s when he connected with Jon Harden, the founder of AIR. In June, he will be trusting AIR with his aircraft insurance renewal for the 19th year straight! His Bonanza is, of course, still in impeccable shape.

Access to all the markets

Flying out of NJ, Joseph owns a Piper Arrow. 18 years ago, Joseph connected with AIR’s regional office in Bradford, PA, then run by agent Lee McKinley. Since Lee’s passing, Joseph has worked with Victoria Neuville out of AIR’s Frederick, MD headquarters. Despite the years that have passed and the office transition, AIR has been able to ensure Joseph a steady premium and he is now paying less than several years ago! This is because AIR shops all the aviation markets to obtain the best rate. Thanks to a competitive market, Joseph has not seen that much fluctuation in his insurance rates over the years. Having access to multiple insurance carriers also provides flexibility when customizing the right policy before committing to one insurance company’s guidelines.

Commercial aviation insurance

All the previously mentioned clients are aircraft owned for pleasure and business use. AIR’s expertise also extends to workers compensation, FBOs, maintenance facilities, flight schools, charter, flying clubs and more! The oldest aviation sales company still in operation in Oklahoma City also happens to be one of AIR’s oldest clients as well! Southern Wings Aircraft Sales is a very successful family owned business specializing in selling corporate twin and turbine aircraft. Cycling through many aircraft throughout the year, Southern Wings insurance policy allows for sales and demonstration of the aircraft. The ease of adding and deleting newly acquired or sold aircraft can be attributed to AIR’s prompt service and organization.

Airshows

AIR is well equipped to insure your airshow or aviation event. But what’s more fun than insuring airshows is attending them! 2018 will mark the 19th consecutive year AIR has had a booth at EAA AirVenture, commonly known as Oshkosh, the world’s busiest airport for one week each July. Each year you can find us in booth 1120, next to Trade-A-Plane. Oshkosh is comparable to a family reunion, but for pilots. This is often where we meet our customers in person.

“I’ve been attending AirVenture since I was 10 years old. What’s great about being an exhibitor is all the new people you meet and finally putting a face to the name or voice of our customers,” said AIR agent Victoria Neuville.

As AIR’s 19th anniversary approaches much remains the same. AIR continues to provide service with integrity from a group of knowledgeable insurance agents and pilots. The proof is in the numbers, over 80 clients have had coverage with us for 18 consecutive years! To begin creating a life-long relationship with an aviation insurance broker that shops all the markets to provide you with the best rates and the broadest coverage call 301-682-6200 or visit www.AIR-PROS.com today!AIR logo 2016.2.26 WEB

AIR to Attend 2018 US Sport Aviation Expo

January 4th, 2018

The 14th Annual US Sport Aviation Expo (also known simply as Sebring to pilots) is fast approaching! From January 24-27th pilots and exhibitors will gather at Sebring Regional Airport for four days of aviation fun. Aviation Insurance Resources (AIR) agents Joe Cacho and Gregg Ellsworth will be in booth 410 to help pilots with their aviation insurance needs.

This year’s Sebring highlights include:

  • Key Note Speaker Captain Rahmani, the first female fixed-wing pilot with the Afghan Air Force
  • Ford Tri-Motor flights, helicopter and biplane rides
  • 2nd & 3rd class medical exams on site
  • Zenith hands-on kit building workshop
  • DroneZone – featuring one of the largest drone races in the world
  • Exhibitor showcase flights
  • Workshops, forums (including speakers Patty Wagstaff and Rod Machado), and aircraft displays

Tickets are $25/day or $75 for a four-day pass for adults. EAA and AOPA members can receive a $5 per day discount. Youth tickets are $10 a day and children 10 and under are free. Tickets are available online and at the door.

The US Sport Aviation Expo offers the perfect start to the airshow and aviation convention season. We hope to see you there!

Light Sport Insurance – 13 Years Later

December 15th, 2017

In 2004 the introduction of the Light Sport Aircraft (LSA) category opened new opportunities for the aviation community. Limited to two seats and a maximum speed of 120 knots, light sport aircraft do not require a medical, making it the perfect solution for aging pilots. The lighter aircraft also promised an inexpensive opportunity for students to make their aviation dreams come true with a minimum flight time of only 20 hours to become certified.

Quite a few vintage aircraft meet the conditions required under this new category, such as Piper Cubs and Aeronca Champs but many aircraft manufacturers jumped at the opportunity to market new state-of-the-art sport aircraft featuring modern avionics and complete aircraft parachutes. New aircraft emerged in both the standard and experimental LSA categories to include Flight Design, Remos, and RANS.

Aviation Insurance Resources (AIR) was one of the first aviation insurance brokers to work closely with industry underwriters and sort through what was needed to properly insure light sport category aircraft. Initially, insurance rates were a concern as newly manufactured sport aircraft had higher hull values and many are built of lighter, composite material. In addition, the availability of spare parts in the case of a claim on a European built LSA was a concern.

Today, the insurance process is practically seamless for LSAs. AIR offers insurance solutions for homebuilt ELSAs during the construction process, for restoring vintage LSA qualifying aircraft, and insurance for renting or owning light sport aircraft. Time flies, and the light sport category is now well over a decade old and continues to grow.

AIR understands the budgeting needs of aircraft owners and aviation business operators, because they are pilots, too! Serving fellow pilots for over 18 years, AIR shops all the aviation insurance markets to obtain the best rate and broadest policy coverages. To obtain a light sport aircraft insurance quote call 301-682-6200 or visit www.AIR-PROS.com to complete a quote request today!

Aviation Insurance Resources (AIR) Agents Cannot be Replicated

November 21st, 2017

“Imitation is the sincerest form of flattery that mediocrity can pay to greatness.”

― Oscar Wilde

Time and time again, Aviation Insurance Resources (AIR) spots something familiar in competitors’ ads. Our slogans, premium comparison marketing campaigns, and even our company name have been replicated in print. These copycat trends continue to prove one fact: AIR is the aviation insurance broker to watch.

After 17 years with direct aviation insurance writer, Avemco, Jon Harden founded AIR in 1999. Based on a foundation of providing service with integrity for pilots, by pilots; AIR was and always will be comprised of agents that intimately know the aviation industry. Every agent at AIR is a pilot and many have owned their own aircraft.

Jon Harden – the founder of AIR is a Certified Instrument Flight Instructor (CFII) and currently owns a Pitts S1 and a Cessna 180. Last summer his daughter became a pilot as well.

Chris Wolbert – an Embry Riddle graduate, Chris is a commercial and multi engine rated pilot. He’s been flying since 1990 and is one of the founders of AIR.

Gregg Ellsworth – has been a private pilot since the 70s. He is also an Embry Riddle graduate with an aviation management degree.

Jon Shimer – an A&P and private pilot with instrument and multi engine ratings, Jon has flown over 65 different models of aircraft. He has owned a Pitts Special and a J-3 Cub. He also performs with the Alabama Boys airshow act.

John Sweeney – learned to fly at Winged Spartans Flying Club of Michigan State University in 1969 and is a CFI. He has 37 years of experience in the aviation insurance industry and his first insurance job was as an aviation claims adjuster.

Victoria Neuville – an instrument rated commercial pilot, Victoria’s spare time is also centered around aviation. She can be found promoting her children’s book series, Turbo the Flying Dog and co-hosting the Stuck Mic AvCast aviation podcast.

Patrick Smith – Patrick is AIR’s only lighter-than-air pilot and commercial CFII. When the sun rises and sets, Patrick is busy flying with his hot air balloon business, Tailwinds Over Frederick.

Joe Ruck – firefighter turned pilot, Joe is also a CFI. He looks forward to being able to sign off his three great nephews and two grandsons for their first solos one day.

Joe Cacho – a private pilot, Joe joined the original members of the AIR team in 1999. He is also an Embry Riddle graduate and favorite place to fly is in the Florida Keys.

Bill Snead – the newest agent at AIR is not by any means new to the business. With over 35 years of aviation insurance experience, Bill is a commercial pilot and flies gliders.

As you can see in each short biography above, every pilot at AIR brings unique aviation experience to the table. This group of aviation insurance agents simply cannot be replicated. The next time you see an aviation insurance ad, think twice if it is unique, or simply mimicking something greater.

Serving our fellow pilots for over 18 years, AIR understands the budgeting needs of aircraft owners and aviation business operators. We shop all the major aviation insurance markets to provide the broadest coverage at the lowest rates. Call Aviation Insurance Resources (AIR) at 301-682-6200 or complete an online quote request to start saving today!

 

Chelsea Gets into the AIR thanks to Scholarship

November 14th, 2017

Over the summer, Aviation Insurance Resources (AIR) awarded their annual Get into the AIR scholarships to two inspiring female pilots. Today, we are checking in with Chelsea Dorman. CChelsea 1st lessonhelsea is currently the program coordinator at the College Park Aviation Museum. She guides young aviators daily on tours and activities all about aviation at the oldest continuously operating airport in the world. Now, she finally is taking to the skies herself.

Thanks to the Get into the AIR Scholarship, Chelsea has started lessons out of Potomac Airfield in Friendly, MD. With the skyline of Washington D.C. in the distance and the traffic from National above her, Chelsea’s lessons have focused on the importance of awareness of the airspace around her.

Her flight instructor is a friend which makes for a comfortable and fun learning environment. Chelsea says that her taxiing still takes some work, however, is getting more confident in the air after each lesson. “There’s so much to cover, but I feel like I’m making good headway,” she explained.

Since 1999, AIR has remained closely connected to the industry they serve, many of their customers are friends and some are even family. This is because all the agents at AIR are pilots and understand the needs and challenges in owning or renting an aircraft and aviation related businesses. No matter your involvement in aviation, AIR can provide a comprehensive yet economical solution for your needs. For updates on future scholarships or an aircraft insurance quote call 877-247-7767 or fill out a quote request online today!

Compare Rates & Save on Aircraft Insurance

October 20th, 2017

A simple internet search will lead to a plethora of websites ready to compare rates from vacations to hotels and insurance. Almost anyone can easily identify Flo from Progressive Insurance, that cheery face advertising the one-stop insurance shop for auto and home insurance. Today, it has never been easier to compare and ensure you are getting the best bang for your buck…and that includes aircraft insurance!

The cheery faces at Aviation Insurance Resources (AIR) may be a bit different from Flo’s. You may see them with windblown hair following an open cockpit airplane flight or losing their voice after running an outreach event at a local airport. But what they have in common with this fictional insurance agent is that they compare rates to obtain the best rate and the broadest coverage on your aircraft insurance!

To do this, AIR shops all the major aviation insurance markets. They work closely with aviation underwriters and know the ins and outs of owning or renting an aircraft because they are pilots themselves! As an example, AIR can save a pilot up to 50% on their aircraft insurance and 6% on renter’s insurance when compared to the only aviation insurance direct writer, Avemco.

Do yourself a favor and start saving money on your aircraft insurance. An online quote request is just a click away. Or call 301-682-6200 to start talking to an aviation insurance specialist at AIR today.

Essex Flying Club Increases Pilot Population

October 11th, 2017

In 2015 Essex Flying Club was formed to provide “ready access to the aircraft, camaraderie, and more affordable flying to all members”. This 10-member club based out of Essex Skypark Airport inEssex
Baltimore, MD currently holds the record as the most active aircraft at the airport. The vintage Cessna 172 Skyhawk has since seen many “firsts” from solos, to check rides and flyouts.

Pilots Dean Frail and Claudius Klimt designed the club to decrease the cost of flying and to increase the number of pilots at Essex Skypark. The emphasis is on competent flying. The one-time entry cost is only $600 with a $95/hour wet tach time. Members pay for 2.5 hrs per month, use it or loose it. This non-profit club’s Cessna Skyhawk is managed by volunteers and maintained by a superb mechanic.

Recently, the club was renamed to The Max Lichty Essex Flying Club in honor of Max Lichty, a 10,000-hour pilot and chief pilot at the flying club. The longtime resident of Essex Skypark was a passionate supporter of the flying club. Max lost his battle to cancer earlier this year and the members decided this was the best way to honor a great pilot and friend.

As the list grows for the upgrades and repairs on their aircraft, so does the number of new private pilots the club has graduated.  The plan is to continue for years to come. The Max Lichty Essex Flying Club thanks Aviation Insurance Resources (AIR) for its role in keeping flying affordable at Essex Skypark. AIR shopped all the aviation insurance markets to ensure this new club was receiving the best rates at the broadest possible coverage.

To learn more about The Max Lichty Essex Flying Club visit: http://www.essexflyingclub.org/.

Looking for an insurance quote for your flying club? Call 301-682-6200 to talk to one of our knowledgeable pilots and agents or request a quote online today!

Despite Irma, Airport Revs up for Annual Expo

October 4th, 2017

Despite the hurricane scare, DeLand Municipal Airport is going strong and ready to welcome pilots from all over to the annual DeLand Sport Aviation Showcase! From November 2nd through 4th, 2017 exhibitors and speakers will gather to offer a weekend of aviation education and fun.

Since its inception, Aviation Insurance Resources (AIR) has had a presence at this sport aviation show. In fact, AIR was a factor in leading the aviation insurance industry to provide competitive policies for this relatively new class of aircraft. Agents and pilots Gregg Ellsworth, Joe Cacho, Joe Ruck, and Jon Harden will be available at booth number 308 to answer your questions on sport planes as well as other aviation insurance matters.

“DeLand has always offered a special showcase. As a former trike pilot, I’m particularly interested in viewing the new trikes on the market today. From small weight shift aircraft to large jets, we insure all things aviation related. We look forward to these events to see how we can be of service to the aviation industry,” explained Jon Harden, president and founder of AIR.

No matter your reason for attending, the Deland Sport Aviation Showcase promises to offer something for everybody. For more information on the showcase visit: http://www.sportaviationshowcase.com. Can’t wait for the showcase and want your aviation insurance questions answered today? Call AIR at 301-682-6200 or apply for a quote online today!DeLandBoothBadge_308

First Flight Insurance Solutions

September 25th, 2017

Over a thousand hours of build time has gone into your aircraft. Many late nights out at the hangar and several seasons have passed, but the big day is finally here. Your pride and joy, your biggest accomplishment, is about to take its inaugural flight. Despite all your cross checks and due diligence, the nagging question is still in the back of your mind. Could something go wrong?

Many pilots mistakenly believe that there are no options for insurance coverage during the fly-off stage and settle for sub-par 3rd party liability programs. These programs do not include hull coverage, are limited in their available defense, have low property damage limits, and outdated bodily injury terms. While these programs are often the only option for non-registered aircraft, real aviation markets offer the best coverage for the majority of homebuilt aircraft.

From RVs to the Sonex, whether you’ve built a SeaRey or a Glasair, Aviation Insurance Resources (AIR) has your first flight solution. AIR works with all the aviation insurance markets, therefore, offering many options for insuring your first flight risk. Your AIR agent will go over with you the terms of each option for the fly-off stage of flight. A majority of these policies include hull coverage and industry standard liability limits.

AIR also offers a builders and restorers insurance program, designed to protect the aircraft during the building or restoring stage regardless of pilot experience and qualifications. Customized with your needs in mind, this new insurance plan offers flexible liability and hull coverage options.

“As a friend of many aircraft builders and as a homebuilt owner myself, I cannot imagine the devastation of losing an aircraft after hundreds of hours of work,” said Jon Harden, president and founder of AIR. “Our affordable program is worth it just for the peace of mind.”

Peace of mind is exactly what the agents and pilots provide at Aviation Insurance Resources. So, before you weld another joint or place another rivet, contact the pilots and agents at AIR! Call 877-247-7767 or submit a quote online today!