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No. Izin Usaha : Kep-304/KMK.017/1994
No. APPARINDO : 036-1992/APPARINDO/2024
The aviation industry is a critical part of the global economy, connecting people and businesses around the world. It has grown from a small number of enthusiasts flying small planes to a massive industry that includes commercial airlines, private jets, and military aircraft. The industry has undergone rapid expansion and globalization in recent years, with the development of large commercial airlines and the growth of low-cost carriers. The recent technological advances have made it possible for airplanes to fly farther and faster than ever before and carry more passengers and cargo. Aviation is now a vital part of our lives, with more than 3 billion passengers flying each year.
Aviation insurance is a type of insurance that covers the risks associated with owning and operating an aircraft and is typically a requirement for anyone who owns an aircraft, which can be purchased as a standalone policy or as part of a broader insurance package. It provides coverage for damages and losses arising out of damage or destruction of an aircraft, liabilities for any injuries or death of passengers or crew and loss of cargo. It is a complex and specialized field, with many different types of policies available to cover a wide variety of risks and it is essential to understand the coverages that are available before you purchase a policy. It is important to work with an insurance broker who understands the industry and can help you find the right coverage for your needs. Aviation insurers must be familiar with the rules and regulations governing the aviation industry, as well as the specific risks associated with each type of aircraft.
Aircraft hull insurance protects an aircraft owner or operator against physical damage to the aircraft. The policy may also cover loss of use, which compensates the owner for the income lost due to the downed plane. Aircraft hull policies are typically written on an all-perils basis, meaning that losses from all causes (except those specifically excluded in the policy) are covered. Policies can be written on a per-occurrence or a per-trip basis. With a per-occurrence policy, the insurer pays for each occurrence of damage or loss up to the limit of coverage. With a per-trip policy, the insurer pays for each trip that the aircraft makes, up to the limit of coverage. Aircraft hull policies usually do not cover liability claims arising from injuries or damage caused by the aircraft. Aircraft hull liability insurance is a type of aviation insurance that provides coverage for the legal liability of the aircraft owner or operator for damages to third parties caused by the operation or use of the aircraft. This type of insurance is important to have in order to protect yourself from any potential lawsuits that may arise as a result of an accident or incident involving your aircraft.
War and acts of terrorism are among the top causes of hull losses. While hull war risks are a relatively small part of aviation insurance, they can be costly and can have a significant impact on an airline operator’s bottom line. The risk of damage or destruction to an aircraft hull is a key concern for aviation insurers. Airlines typically purchase hull war risk insurance as part of their overall aviation insurance policy. Hull war risks insurance covers an airline’s financial losses in the event of damage to or loss of an aircraft due to a hostile or warlike action including losses due to war, hijacking, sabotage, and other malicious acts.
An airport operator is responsible for ensuring the safe operation of the airport. This includes maintaining runways and taxiways, managing air traffic control, and coordinating with emergency services. In addition to these safety responsibilities, they also have a number of insurance risks to consider. The most obvious risk is aviation liability insurance. If someone is injured or their property is damaged as a result of an incident at the airport, they could be held liable. Another risk is property damage insurance. If something happens to the airport facilities or equipment, the airport operator will need to have insurance to cover the costs of repairs or replacement. Airport operators should also be aware of any state or federal laws that may apply to them. Ignorance of the law is not an excuse, and airport operators can be held liable for any accidents that occur on their property. Airport operators liability insurance can help cover the costs associated with an accident, including medical expenses, property damage, and legal fees.
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No. Izin Usaha : Kep-304/KMK.017/1994