Airbus Supplier Scheme
Aviation Product Liability Insurance
If you are an aviation supplier or service provider to Airbus, we can offer you a highly competitive insurance policy designed to protect aviation liability risks.
Providing services and products to the aviation industry gives a supplier certain responsibilities above and beyond the simple supply of goods, whether it’s through contractual risks or legislation (for example, under European law, producers are strictly liable for the damage caused by defects in their products).
Catastrophic aviation accidents have occurred as the result of relatively minor failures, for example:
- A faulty rudder actuator caused loss of control and subsequent total loss of a commercial jet with 100+ fatalities
- Faulty wiring near a fuel tank caused an explosion that resulted in the total loss of a commercial jet with 200+ fatalities
Protecting yourself against these aviation liability risks is one of the most vital measures to secure the economic survival of companies active in the aviation industry.
On behalf of Airbus Aeroassurances, WTW is pleased to offer a comprehensive aviation liability insurance policy through the Airbus Supplier Insurance Programme.
As one of the longest established supplier schemes in Europe, the Airbus SE Supplier Insurance Programme provides :
- Competitive premium rates
- Comprehensive aviation liability covers including:
- Aviation Product Liability incl. Grounding and incl. Past production
- Hangarkeepers Liability, Extended Product Liability, Recall Costs, etc
- Scope of coverage fitting contractual requirements of Aviation manufacturers
- Flexibility of choosing the insurance limit best suited to your company’s needs, ranging from Euro 5M to Euro 750M+
- Underwritten by leading European insurers of aviation liability risks with a minimum security rating of “A”
More information and details regarding limitations and exclusions will be available when quotation is provided to the supplier.
Our team is on hand to provide advice and quotations. Cover can often be in place within a few days.
To access the Airbus Supplier Insurance Programme, please fill in the application form and send it to the mentioned contact(s).
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| Title | File Type | File Size |
|---|---|---|
| Airbus extended product liability | .3 MB | |
| Why airbus supplier scheme | .1 MB |
