Through a new partnership with Argus International, Mountfitchet Risk Solutions will offer discounts and other incentives for its AOG (aircraft on ground) insurance program to Argus-rated operators and charter brokers. AOG Protect limits financial losses associated with charter flights that have been grounded for mechanical or other issues.
Traditionally, the operator, broker or flight department has been responsible for covering the sub-charter or reposition of a replacement aircraft in an AOG situation. With AOG Protect, an insurance claim can be filed, “virtually eliminating the costs associated with an AOG incident.”
Under the partnership, Argus Gold-rated operators and registered charter brokers will receive a 7.5 percent discount on the AOG Protect annual premium. This discount rises to 12.5 percent for Gold Plus-rated operators and 20 percent for Platinum-rated operators, certified brokers and certified corporate operators, in addition to a 10- to 25-percent contribution toward the cost of their next Argus audit.