Master Lineslip Co-Insurance
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Master Lineslip Co-Insurance
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ABC developed this coverage to provide options for the manufacturers that may not otherwise be able to find coverage amounts up to USD 50 million; ideal for those bespoke companies in the aircraft and aerospace supply chain.
Global Aerospace Underwriting Managers Ltd has a demonstrated track record of providing high levels of service in the product liability market with unparalleled experience and strong financial backing that will benefit ABC U.S. Portal insureds. Coverage will be written on admitted security that is approved in all 50 US states. The ABC U.S. Portal facility is open to most brokers in the US and standard commissions will apply.
Why Consider This Coverage
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Protections afforded in the past are being eroded as the government and prime manufacturers are learning they cannot shoulder the whole load of some of the programs they lead. Primes may also not want to pay extra premiums for work that is somewhat out of their control as they are looking into mitigating their risks.
Another major reason for second and third tier businessered aircraft products manufacturers should consider a strong insurance and loss control program as part of the service offering to their customers.