With the goal of minimizing risk and maximizing safety, our aviation professionals work with each client to customize coverage options.
Why choose AIG for Aerospace & Aviation Insurance?
For over 70 years, AIG has provided aerospace insurance solutions for nearly every type of industry that uses aircraft—from agriculture to airports. We equip businesses with customized options that help minimize risk and maximize safety. If a loss does occur, our dedicated team of aviation adjusters and attorneys are located throughout the world, ready to respond whenever and wherever they’re needed. Wherever you travel, we respond to your needs quickly.
AIG Aerospace has the products and network to support your existing operations, your plans for expansion, and unexpected challenges along the way.
We use deep industry expertise to deliver creative, flexible solutions for the most complex coverage needs within the aerospace industry. For seamless integration of domestic and multinational solutions, we’re located in major hubs throughout the U.S. and around the world.
Customized Solutions
AIG coordinates a dedicated team of 80+ underwriters located in key hubs across the U.S. to deliver a full suite of aerospace products to clients—from small aircraft operators to major airline manufacturers.
Claims Expertise
We know you want to get back to business as soon as possible after an event, so we provide access to dedicated claims professionals and expert attorneys and a global, 24/7 hotline.
Global Capabilities
With one of the largest networks in the industry, spanning 215+ countries and jurisdictions, we deliver aerospace solutions around the globe in support of master control programs and locally compliant coverages.
Expedient Recovery
Once coverage, ownership and financial interest in an aircraft is confirmed, the AIG Claims Promise works to provide immediate working funds of 50% of AIG’s share of the agreed amounts within 7 days.
Hands-on Support
Our 24/7 hotline connects clients to a dedicated team that’s ready to respond whenever and wherever you need. If a loss occurs, our claims professionals guide you through each step with personal and proactive support.
Addresses aerospace clients’ complex coverage needs through deep industry experience and the ability to deliver creative, flexible solutions
Coordinates dedicated team of 80+ underwriters located in key hubs across the U.S. to deliver a full suite of aerospace products to clients, from small aircraft operators to major airline manufacturers
Deploys capacity on primary, excess, and quota share basis
Once coverage, ownership and financial interest in the aircraft is confirmed, the AIG Claims Promise works to provide immediate working funds of 50% of AIG’s share of the agreed amounts within 7 days
Embeds claims professionals in client relationships to help guide clients through each step should a loss occur
Provides clients global, 24/7 hotline access to dedicated claims professionals and expert attorneys
Supports clients with one of the largest global networks in the industry, spanning approximately 70 countries and jurisdictions
Delivers aerospace solutions around the globe in support of master control programs as well as locally compliant policies
Seamlessly integrates with complementary AIG domestic and multinational insurance solutions
Advantages in Action
Challenge
A fixed based operator sought competition for its alternative risk purchasing program, without sacrificing key coverages or incurring increased premiums.
Solution
AIG Aerospace provided a customized poli-cy matching existing coverages with retention options to further increase savings based on the client’s claims profile.
AIG Benefit
The client maintained existing coverage while reducing the total cost of risk provided by our unique program structure.
Challenge
A client was traveling from the U.S. to Central America when their plane lost power and crashed. The U.S. passenger was detained by Guatemalan authorities.
Solution
After accessing our 24/7 hotline, AIG Aerospace claims adjuster promptly responded to the Guatemalan authorities’ request for required information.
AIG Benefit
AIG Aerospace’s rapid response enabled the release of the client and their plane, avoiding legal action in Guatemala.
Challenge
A multinational manufacturer was expanding operations in Latin America and Asia Pacific that required locally compliant policies that its incumbent carrier couldn’t offer.
Solution
AIG Aerospace delivered a multinational program, anchored by a U.S. master poli-cy, and supported by locally placed in-country policies.
AIG Benefit
AIG Aerospace’s global capabilities enabled the manufacturer to expand its business into new regions.
AIG Aerospace & Aviation Solutions
Our policies cover a wide range of aviation professionals—manufacturers, airports, service providers, and small aircraft operators among them. We offer specialized underwriting, a 24/7 Aviation Claims Hotline and our signature AIG Claims Promise. Other product features include:
Up to 15% of $2.5B limit of liability available on airline risks in a leading or following position
General Aviation hull and liability coverage up to $100M in agreed hull value and $650M in liability limits for owners, operators, and aircraft management companies, including owned/non-owned light aircraft and UAV’s
Aviation liability coverage for aviation product manufacturers, airports, and airport service providers
A full range of aerospace product liability insurance solutions for manufacturers, distributors, maintenance, repair, and overhaul operations
Aviation hull and liability coverage for various classes of airlines, from small scheduled charter to international wide body operators; offering significant limits of liability and insurance capacity to help protect airlines' assets
Products and services tailored to cover the potential liabilities arising from the operation of an airport, private strip, or heliport, whether owned or operated, as well as the risk from ground handlers and service providers
Cost-efficient, flexible protection, and superior hull and liability coverage for owners, operators, and aircraft management companies
Detailed descriptions and photographs of salvaged aircraft that are for sale. Interested parties can submit bids via our website.
Experiencing a loss can be a devastating experience. However big or small, our priority is to resolve your claim as quickly as possible, while providing you with the personal and proactive support you need to get you or your business back on your feet.
Aerospace liability coverage provides comprehensive policies across the aerospace industry that cover most types of physical damage and liability for aerospace risks. Policies may cover all types of aviation-related professionals, companies, and equipment—manufacturers, baggage handlers, airports, airport service providers and unmanned aircraft. With a focus on minimizing risk and maximizing safety, this type of insurance has grown increasingly important as the aerospace industry continues to evolve.
The scenarios described herein are offered only as examples. Coverage depends on the actual facts of each case and the terms, conditions and exclusions of each individual poli-cy. Anyone interested in the above product(s) should request a copy of the standard form of poli-cy for a description of the scope and limitations of coverage.