In evaluating the risks involved with aviation, consider taking time to really think about what you need. Not taking full consideration is a path to trouble and unnecessary costs.
How does your aviation insurance program interface with your other insurance needs? Owners of airplanes and aviation businesses drive cars, own homes, visit the doctor, and have motorhomes, boats and motorcycles. Aviation businesses have the same general liability exposures and property and equipment risk that any other business on Main Street would have.
Do you concentrate ONLY on your aviation exposure, when considering your insurance needs? Do you put as much thought and effort into your non-aviation risk management?
Or – do you carry high personal limits elsewhere in your portfolio and ignore your equally significant aviation risk?
A balanced approach to insurance and risk management is absolutely necessary. Work closely with your agent(s) and make sure everyone knows all of your story. Personal, business, and aviation exposures can and should be effectively integrated into a well thought out insurance program.