Travelers Aviation offers new coverage

Business Jet Traveler » December 2008

by BJT Staff

Monday, December 1, 2008 - 4:00am

Travelers Aviation is introducing nonowned aircraft liability coverage, which provides hull and liability protection for companies that rent or charter fixed- or rotor-wing aircraft. Also new are quota share endorsements, which allow Travelers to share risk with other insurers. (Such endorsements are typically used to cover large commercial or charter operators, aircraft management companies and general aviation airports.) Finally, Travelers now offers consulting services to its clients at no extra charge to help mitigate risk exposures, control loss costs and improve safety programs.

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“You want to make sure with a race in which you'll be flying home with other drivers that you don't crash into them. It's happened before, and it can make for a little bit of a tense situation.”

-Racecar driver Helio Castroneves