Osprey Insurance Brokers aids in mitigating these risks through a wide range of aviation insurance products tailored to meet the individual needs of our customers. We provide brokering services for all types of aviation insurance products including contract risk management. Our key aviation sectors include:
Our operator-focused aviation services include the following:
Aviation Hull and Spares All Risks
Our aviation Hull and Spares All Risks coverage is available for all types of aircraft including airlines, general aviation, fixed and rotor wing aviation and unmanned air vehicles and systems. Coverage extends to accident loss or damage to the aircraft and spare parts and components protection.
Total Loss Insurance
Our comprehensive total loss insurance policy for aviation products provides for claims at a fixed sum in addition to the aircraft’s agreed value payable under the Hull All Risks policy in the event of a total loss. Coverage remains in place for significant, unavoidable, and unable-to-be repaired incidents within the limits of the policy.
Aviation Hull and Spares War and Allied Perils
Our Aviation Hull and Spares War and Allied Perils policy writes back most of the exclusions for war and allied perils listed on the War and Allied Perils Exclusion Clause, AVN48B, which is applied to the Hull and Spares All Risk policy. This protection aids in providing coverage to aircraft and spares against threats such as war, strikes, riots, civil commotions, and labour disturbances. It also covers terrorist acts, malicious acts and sabotage, confiscation of requisition by government and hi-jacking.
Aircraft Hull and Spares Deductible
The Aircraft Hull and Spares Deductible is purchased to reduce the standard market deductible applicable level, the level of which depends on the aircraft type. This makes the deductible more acceptable for the operator.
Aircraft Third Party, Passenger, Baggage, Cargo, and Mail Legal Liability
With this aviation insurance policy, aircraft operators protect against legal liability to third parties and passengers who suffer injury or damage to their property, such as baggage, mail, or cargo, arising out of the operation of the aircraft, mitigating the operator’s responsibility for claims made against it.
Aircraft War, Hi-Jacking, and Other Perils Excess Liability (AVN52E)
To mitigate the risks associated with war and allied perils, which are generally excluded under Aircraft Third Party, Passenger, Baggage, Cargo, and Mail Legal Liability policies, operators can select to add this specific level of coverage. It aims to extend cover endorsement known in the aviation market as AVN52E.