Avfuel’s in-house aviation insurance subsidiary, Avsurance, celebrated its 30th anniversary with its best year ever in terms of assets covered, surpassing more than $2 billion worth of aircraft insured. Among its insurance products, Avsurance said cyber protection, crime protection, employment practices liability insurance, directors and officers indemnity, and pollution-related coverage are of growing importance for its clientele.
“Avsurance has always been wholly dedicated to the aviation industry,” said company director Jim Coleman. “That dedication and focus has supported Avsurance’s evolution along with the needs of the industry across 30 years. Today, that means providing specialized policies, like pollution-related coverages, for a fully-developed risk management portfolio.”
Its niche products protect businesses from gaps in their coverages, ranging from malware and fraudulent threats to potential lawsuits and costly allegations. “We know insurance and we’re passionate about aviation,” Coleman concluded.