ABCPowerPoint-AircraftBuildersCouncil.pptVIP

Aerospace Liability Insurance Since its formation in 1954, the Aircraft Builders Council has provided a continuously stable and resilient program providing broad aviation products liability insurance coverage. The ABC continues to be the leader in the development of enhanced coverage to satisfy the dynamic needs of the industry it serves. Participants in the program are able to secure coverage limits up to USD 1.5 Billion from one panel of insurers using the expertise of the two leading aviation insurers.  The Aircraft Builders Council (ABC) Insurance Program * Which Risk Segment of the Aviation Industryfits the ABC Exposure Profile? Airline, Cargo, Military, General Aviation Aircraft Component Parts Manufacturer Missile, Launch Vehicles, Spacecraft Component Parts Manufacturer Repair and Servicing of Aircraft Parts The standard ABC Policy contains the following Broad Definition: Aircraft Products means an aircraft or Missile or spacecraft or satellite or spaceship or Launch Vehicle and any ground support or control equipment used therewith, and any article furnished by the Insured or the Insured’s predecessors in business and installed in, or used in connection with, or for spare parts for an aircraft or Missile or spacecraft or satellite or spaceship or Launch Vehicle and any ground support or control equipment used therewith or tooling used for the manufacture thereof, including ground handling tools and equipment. Aircraft Products also means training aids, instruction, manuals, blueprints, engineering or other data, and/or any article in respect of which engineering or other advice and/or services and/or labor have been given or supplied by the Insured or the Insured’s predecessors in business relating to such aircraft or Missile or spacecraft or satellite or spaceship or Launch Vehicle and any ground support or control equipment used therewith. * Stable and continuously available insurance market with capacity of up to USD 1.5