Overview and Mission
The Aircraft Builders Council was founded in 1954 at a time when aviation products liability coverage was in its infancy and not readily available on the open markets. Working together, sharing a common goal, a group of aviation products liability coverage companies, brokers and insurers developed a products liability insurance facility for the benefit of manufacturers in the aviation industry.
Since its formation, the Aircraft Builders Council program has provided aviation products liability insurance and continues to be the leader in developing coverage to satisfy the dynamic needs of the industry that it serves. Participants in the program may secure coverage limits of up to USD 1.5 billion.
ABC Offers New ˜On-line' Facility for Coverage up to USD 50 Million
ABC is excited to announce the launch of a new facility for the smaller size manufacturers requiring up to USD 50 million in coverage. This competitively-priced, new aircraft products insurance offering is ideally suited for non-critical manufacturers and products suppliers. The new program features the experience and security of aerospace insurance leaders, Chubb Global Markets and Global Aerospace and also the benefit of centralized claims management and defense by experienced aviation counsel.
For more details on the new facility please click here. To review a copy of the new policy including coverage definitions, click here. For the new coverage offering of up to USD 50 million, ABC has designed an online quoting process that can be accessed at this link.
Click here to view the ABC informational brochure
Click here to view the ABC informational PowerPoint presentation
View a video clip for more information:
The law offices of Fitzpatrick & Hunt are in the role of ABC Defense Counsel, with Mendes & Mount handling asbestos, chemical exposure, and other toxic tort and health hazard claims ("Toxic Claims") for ABC.
- To support and promote the continuity of an innovative, competitive aircraft products liability insurance facility;
- To communicate the existence of such insurance program to aerospace manufacturers and product suppliers;
- To coordinate an annual industry-leading aviation safety and insurance conference that is attended by brokers, underwriters, and existing and potential insureds;
- To promote the use of the program's product safety and liability prevention seminars.