Aviation Risks

Insurance for the aerospace industry and manufacturing

Detail leteckého výškoměru na palubní desce.

Precision on which lives depend

Supplying components for the aerospace industry means bearing a responsibility that extends far beyond ordinary manufacturing. A faulty screw or sensor can cause a catastrophe on the other side of the world. Insurance for aerospace manufacturers and service providers is an essential prerequisite for entering the supply chains of global players.

Key risks in aviation (manufacturing)

01

Product Liability (Products)

Damages caused by a defect in an aircraft part or component, leading to an aircraft accident anywhere in the world.

02

Fleet Grounding (Grounding)

Huge financial losses caused by an official grounding of a certain aircraft type due to a technical defect.

03

Recall Costs

The necessity to inspect or replace a defective part on all delivered aircraft worldwide.

04

Space Risks

Specific risks associated with the manufacturing of components for satellites and space programs.

05

06

Protection for aerospace manufacturers

Aviation Product Liability

A key product is Aviation Products Liability insurance. It covers damages your product causes after being integrated into an aircraft – from property damage to the airframe to bodily injury to passengers. This insurance is required by all major aircraft manufacturers.

Grounding and Recall

A specific risk is grounding – a situation where an entire fleet of aircraft is grounded by official decision due to a serial defect in your part. The costs of such shutdowns are enormous. We also insure risks associated with hangar operations and liability for aircraft entrusted for service (Hangar Keepers Liability).

Let's talk about aerospace manufacturing insurance

Supplying components for the aerospace industry means bearing a responsibility that extends far beyond ordinary manufacturing. A faulty screw or sensor can cause a catastrophe on the other side of the world. Insurance for aerospace manufacturers and service providers is an essential prerequisite for entering the supply chains of global players.

Professional and smiling team of Eurovalley specialists in joint working consultation.