AVIATION & AEROSPACE

It is impossible to predict where a loss might come from, therefore, it is critical that your insurance cover is as broad as possible. Discovering an uninsured exposure by experiencing a loss is not a position anyone wants to be in.

Marsh’s specialist policy wordings team helps you to make your coverage as broad as possible for your given exposures. By bringing our expertise to your insurance programme, we can deliver:

• A full review of your current coverage, highlighting potential areas for improvement:
  The combination of our portfolio size and how well we coordinate across our Aviation & Aerospace Practice means we are well-positioned to provide you with the best coverage.
  
  
• Multiple coverage enhancements at no additional premium:
  Our policy wordings team will seek to identify as many coverage enhancements as possible at no additional premium. Marsh will then use its broking experience and market strength to negotiate the broadest coverage on your behalf.
  
  
• A strong advocate for you within the aviation industry:
  Marsh is a committed advocate for its clients in the marketplace and remains at the forefront of many of the aviation insurance industry’s new coverage enhancements. For example, in recent years, our work on corporate manslaughter and pandemic clauses has led to these covers now being widely used throughout the aviation market.

Read more about: Aviation Coverage [PDF]

Well-worded indemnity and insurance provisions can be critical in limiting, and where possible, transferring your exposures. Without the right contractual advice, you could expose your organisation unnecessarily to risk.

Our contract advisory team can provide:

• Contractual review and advice: Specifically focusing on optimising levels of insurance coverage and contract scope.
  
  
• Benchmarking against industry standards: Aggregated and anonymised data provides insight into levels of cover, scope of cover, and overall best practices.
  
  
• Advocacy: Marsh advocate on your behalf to clarify contractual issues with other parties, such as finance companies, aircraft operators, manufacturers, airport service providers, etc.
  
  
• Insurance review: Expert review of certificates of insurance issued to you by third parties.
  
  
• Technical training: Aviation insurance contract training for your team, highlighting potential areas where issues can arise.

Read more about: Aviation Contractual Advice [PDF]

Having your claims paid quickly is the fundamental reason you buy insurance; managing the claim is one of the most important aspects of the service that a broker can provide. Our aviation claims team, which is one of the largest in the world, can assist you in a number of ways, including:

• Transitioning open claims: When taking over a new account, Marsh facilitates the orderly and seamless transition of open claims.
  
  
• Claims review meetings: These meetings are designed to challenge insurers’ reserves and ensure that your loss record never appears over-inflated.
  
  
• Loss settlement funds: These funds can facilitate quicker payment of your claims particularly for “every day”, low severity, claims.
  
  
• Major claims payments: In the event of a total or a constructive total loss we will seek for your claims payment to be made within seven working days.
  
  
• Loss experience/statistics: Marsh maintains a detailed loss record for your account enabling you to identify trends and put in place remedial measures to avoid frequent losses.
  
  
• Lawyer and loss adjuster review: A review to ensure you are satisfied with the lawyers and adjusters working on your insurance claims – including a review on costs and fees.

Read more about: Aviation Claims [PDF]