15 Jan How to Protect Your Aircraft Hangar from Claims and Lawsuits

Aircrafts are becoming a bigger and bigger market because everyone is starting to explore a wider range of flying devices. Whether your hangar has clients for traditional flight, experimental shipping, and inspection drones, or private enthusiasts who are enjoying more manageable fees, flight is becoming more accessible. But a wider range of clients and aircrafts means your current insurance coverage could be stretched to the limit. Here’s how to keep your aircraft hangar covered:

1. Make sure your insurance policy is tailored to your risks. All of the different areas of coverage, both in general business insurance and aviation insurance specifically, may seem overly technical and divisive. But combing through the specific areas of coverage can be to your benefit so you don’t get the coverage you don’t need and can instead divert those funds to risk management that matters. Shop around to get quotes and see what plan options best fit your business.
2. Keep your hangar well-monitored. All hangar keepers insurance plans are designed to protect your business if you are found liable for damage or a professional error. Insurance plans can also help fight off fraudulent or mistaken claims, and in order to do that, it’s best to have a well-monitored premises. Install surveillance cameras and keypads so you and your provider have plenty of evidence to refute claims, and see if these extra security measures help mitigate some of your assessed risks.

Whether you have a general aircraft hangar or a niche airplane hangar, the right insurance is an important element of your business. Go to Evolution Insurance Brokers here to get started.