Air transportation always involves risk of harming property or health of passengers and the resulting need to pay damages. This is why insuring the airline’s liability has become a global norm. An insurance policy from a reputable insurance company is a guarantee that the settlement of claims and solving of disputes will be taken over by the insurer. In Russia, such a policy can be purchased from Ingosstrakh.
Insurance objects:
liability for causing damage to life, health and property of third parties.
liability for causing material damage to cargo, passenger luggage including hand luggage;
liability for causing damage to life and health of passengers.
Insurance risks:
losses resulting from causing damage to life or health of third persons or their property, if such damage has been caused directly by the insured aircraft;
compensation payments in the event of death or injury of passengers onboard of the insured aircraft during boarding, flight or leaving the aircraft;
compensation payments for loss or damage to registered luggage, cargo as well as loss or damage of articles carried by the passenger.
Insurance period:
during air transit;
during boarding or leaving the aircraft.
The following factors influence the insurance premium amount:
technical condition of a specific aircraft
statistics of aviation incidents for this type of aircraft in general and for the particular airline
crew qualification level
maintenance conditions of the aircraft;
flight geography and intensity;
limits on third-party liability.
Exclusions:
Standard: Noise effects, pollution and other similar hazards; military and hijacking risks; risks related to nuclear explosion effects and radiation hazard; risks related to date identification error, etc.
Specific:
injury or death or the Insured’s personnel (including pilots and other crew members of the insured aircraft);
liability for destruction of or damage to property owned by, entrusted to or possessed by the Insured’s personnel or accidentally carried onboard the insured aircraft.
Additional offer:
Reimbursement of litigation costs, insurance against military risks and other perils.
Our Contacts
If you have any question or need any additional information, please do not hesitate to contact professional and financial risks insurance section:
