The work done by airport employees is considered to involve the greatest level of professional responsibility. Even smallest errors by airport personnel can result in enormous casualties and material losses. Therefore it is important for airport owners to insure not only their property but also third-party liability.
Insurance objects:
The Insured’s liability as an airport owners and/or airport structures that may include:
airport terminal, airfield and other infrastructure;
fuelling station;
air traffic control center.
Insurance risks:
liability for causing material damage to third parties;
liability for causing damage to life and health of third parties.
Insurance period:
Period specified in the insurance policy – normally one year.
The cost of insurance is influenced by:
number of takeoff and landing operations;
types of aircraft based at the airport;
passenger and freight flow volumes;
structures comprising the airport;
security measures;
work conditions of air traffic control center.
Exclusions:
Standard: military risks; risks related to nuclear explosion effects and radiation hazard.
Specific:
liability to the Insured’s personnel;
liability for property owned or temporarily possessed by the Insured;
liability for injuries to persons and property resulting from construction, demolition, dismantling or reconstruction of buildings and runways by the Insured or sub-contractors unless such activities have been agreed on with the Insurer.
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