Corporate Jet Insurance And Liability Issues

Gwyn O'Flynn is a Partner in Holland & Knight's London office.

Highlights

• The cost to insure a corporate jet is often the cheapest direct cost of owning a corporate jet, but if anything goes wrong, it is the one thing that is most heavily relied upon by the owner.
• Insurance is not a wasted cost just because it may be required only once despite years of paying for it. See it as a protective wrapper shielding your personal wealth from claims exposure.
• This Holland & Knight alert provides an overview of insurance and liability issues for corporate jet owners to consider, including elements of coverage, minimum liability limits, considerations when setting liability limits, premium cost, a case study, and the possibility of transferring operational risk and liability to an aircraft management company.