We see this scenario often: You’ve got a business meeting to attend across the country. A private jet charter has been booked, and it’s just a matter of time before it’s time to head to the tarmac. A thought passes through your mind, What if something goes wrong? It’s a thought many frequent fliers consider, and it’s one that’s easily assuaged. By putting some thought into additional insurance protection before climbing aboard the waiting aircraft, you’ll enjoy a carefree flight knowing your interests are protected.
What is Non-owned Aircraft Liability Insurance?
This type of insurance, also known as aircraft renter’s insurance, is a type of insurance policy that provides protection against physical damage to the chartered aircraft, third-party property damage, third-party bodily injury, deductible costs, and legal defense costs.
Why Some Clients Opt for Additional Liability Insurance
If you don’t own the aircraft you’re using for your trip, you’ll likely be covered under the broker’s insurance policy, as well as the owner or operator’s policy. However, if you do some digging into the policies, you may find the coverage isn’t quite as high as you’d choose for yourself.
When you charter a private jet with Stratos, you’ll absolutely be covered under two separate policies: the air carriers and our own. Our requirements state that each carrier we work with must have liability insurance for a minimum of $25 million for turboprops and $50 million for jets. In addition to that, we’ve also invested in our own $10 million non-owned liability policy.
However, some clients still prefer to travel with more protection than what our standards offer. To ensure these clients’ needs are met, we’ve partnered with a trusted insurance broker to facilitate these demands. By working with a trusted partner, we’re confident our clients can fly peacefully knowing their travel arrangements are safe and secure.
Protecting Yourself with Stratos
Here at Stratos, we pride ourselves on our relationships, both with our clients and with our vendors. That’s why we only work with vendors we can consistently rely on. When it comes time to purchase an insurance policy that exceeds your requirements, we can set you up with one of the best insurance providers in the industry. Besides offering affordable premiums, our insurance partner will ensure your policy includes every option that’s important to you. For more information, reach out to your Stratos agent today and discover how our partnerships can help you soar higher on your next private charter flight.