Industry Solutions for Aerospace

Our deep understanding of the aerospace insurance industry and our global presence make us extremely valuable as a long-term, strategic partner in addressing risk management needs. We have the expertise, creativity and ability to address virtually any aerospace insurance-related risk. Our specialized claims and safety and loss control teams provide outstanding service to insureds in resolving claims or preventing them worldwide.


Aerospace
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Overview

Members of the aerospace industry not only enhance international trade by increasing global connectivity, but they also facilitate improvements in productivity, tourism and business opportunity. With this significant opportunity, however, comes great exposure from federal regulations and legislation, unique duties of care and often complex systems of management and governance.

Building on our unprecedented experience over the past 65 years, we provide clients with an invaluable long-term strategic partner working on the various aspects of aviation insurance and risk management. We offer insurance and risk transfer solutions for a wide array of general aviation risks, so whether you operate a privately-owned airport or have a 747, we have you covered. 

Search below to learn more about the spectrum of standard and specialty insurance products and services we offer members of the aerospace industry.

Browse Our Aerospace Industry Products and Services

Aerospace

Aerospace Products Liability

Full range of aerospace products liability insurance solutions for manufacturers, distributors and maintenance, repair and overhaul (MRO) operations.

Aerospace WorldSource Package

The AIG Aerospace WorldSource product provides U.S.-based aerospace operations with a streamlined, single-point of access to key foreign commercial insurance coverages and vital benefits for employees working or traveling outside the U.S.

Airlines

Physical damage, passenger liability, third-party liability and comprehensive general liability coverage for passenger and cargo airlines.

Airports, Ground Handlers and Service Providers Liability

Products and services tailored to cover the potential liabilities arising from the operation of an airport, private strip or heliport, whether owned or operated, as well as the risk from ground handlers and service providers.

Aviation Workers' Compensation

A full range of coverage for all types of aviation-related exposures utilizing guaranteed cost, large deductible and retrospective rating plans.

General Aviation

Cost-efficient, flexible protection and superior coverage for owners, operators and aircraft management companies of all sizes.

Alternative Risk

Alternative Solutions & Product Innovation

There may be times when a company needs to mitigate a substantial risk that is not addressed effectively in the traditional insurance or financial markets. We help clients address these challenging exposures by providing highly customized, innovative programs that apply insurance and/or capital market strategies.

Global Fronting Programs & Captive Management

There are times when companies face challenges that the traditional insurance or financial markets not may not address effectively. We help companies address non-traditional exposures by providing highly customized fronting programs that apply insurance and/or capital market strategies. In addition, we provide captive management and consulting services regarding the feasibility, formation and management of captives, and offer cell captive facilities.

Casualty

Aerospace WorldSource Package

The AIG Aerospace WorldSource product provides U.S.-based aerospace operations with a streamlined, single-point of access to key foreign commercial insurance coverages and vital benefits for employees working or traveling outside the U.S.

Commercial Transportation

Customized casualty solutions that address the standard and specialized insurance needs of a variety of transportation risks, from trucking operations of all sizes to airline workers’ compensation, railroads, mass transit and livery.

Excess Liability

Casualty coverage solutions to protect businesses against potentially catastrophic losses. With high capacity and exceptional program design flexibility, we build strong, unified towers of liability protection in an attempt to meet the sophisticated needs of major corporate clients.

Product Liability

Primary and excess product liability solutions for manufacturers, distributors, wholesalers and importers involved throughout the chain of commerce.

Crisis Management

Kidnap, Ransom and Extortion

Comprehensive insurance coverage to protect business travelers, high net worth individuals and their families against the crisis events of kidnap-for-ransom, extortion, threat or disappearance, that can occur both in the U.S. and abroad while traveling or residing away from home.

ReputationGuard®

Innovative insurance protection and access to world class communications experts to help companies cope with reputation threats and negative publicity.

Environmental

Commercial Pollution Legal Liability

Provides property owners and operators with coverage for site liability, non-owned disposal sites, contracting operations and transportation exposures.

Contractors Pollution Liability

Protection for contractors claims for bodily injury, property damage and environmental damage resulting from pollution conditions caused by covered operations including work performed by subcontractors that are not normally covered under a general liability insurance policy.

Environmental and General Liability Exposures (EAGLE) Program®

The Environmental and General Liability Exposures (EAGLE) Program provides a cost-effective solution to insureds across many industries with a single policy offering enhanced general liability coverage and pollution legal liability coverage, thus helping to eliminate potential coverage gaps. Higher limits can be obtained with the Commercial Excess Follow Form policy.

Global Financial Lines

CrimeGuard Choice®

Insurance protection for companies (and their employees) against the dishonest acts of an employee as well as forgery, safe burglary and computer fraud on a global basis.

Kidnap, Ransom and Extortion

Comprehensive insurance coverage to protect business travelers, high net worth individuals and their families against the crisis events of kidnap-for-ransom, extortion, threat or disappearance, that can occur both in the U.S. and abroad while traveling or residing away from home.

Management Liability

CrimeGuard Choice®

Insurance protection for companies (and their employees) against the dishonest acts of an employee as well as forgery, safe burglary and computer fraud on a global basis.

Directors and Officers Liability For Non-Profit Entities

Enhanced with automatic coverage for leased employees, volunteers, or independent contractors, expanded definition of a claim to include non-monetary demands or injunctive relief and more.

Directors and Officers Liability for Private Companies

Offering investigative cost coverage for derivative demands, extended coverage for investigations of individual insureds, roadshow coverage, and more.

Executive Edge®

Cutting edge management liability protection to respond to the personal risk directors and officers of publicly-held companies face due to the financial scandals, changes in the law, and more.

Kidnap, Ransom and Extortion

Comprehensive insurance coverage to protect business travelers, high net worth individuals and their families against the crisis events of kidnap-for-ransom, extortion, threat or disappearance, that can occur both in the U.S. and abroad while traveling or residing away from home.

Passport for Directors and Officers

Passport for Directors and Officers (D&O) offers an efficient way for multinationals to secure D&O liability insurance aligned with local laws, regulations and customs worldwide.

Representations and Warranties Insurance

Insurance for both buyers and sellers involved in mergers, acquisitions, divestitures or other business transactions offering protection from financial loss due to inaccuracies in representations and warranties.

Side-A Directors and Officers Liability

Side A directors and officers liability insurance provides directors and officers with an additional level of defense to protect their personal assets as a result of adverse litigation. Companies now can purchase up to $100 million in Side A coverage from AIG.

Marine and Inland Marine

Cargo Insurance

Comprehensive all risk coverage for goods in transit for manufacturers, importers and exporters, commodity traders, logistics companies and more.

Marine Liability

Wide range of marine liability insurance products to meet the needs of transportation companies, stevedores, wharfingers, terminal operators and port authorities, shipyards and ship repair operations, bunkermen, vessel charterers, pilots and marine contractors in nearly every jurisdiction around the globe.

Professional Liability

Architects and Engineers Professional Liability

Professional liability protection that architects and engineers of all sizes need to safeguard themselves against claims alleging negligence or other errors and omissions exposures.

CyberEdge®

Flexible protection against rising occurrences of sensitive data breaches, computer hacking, dumpster diving (theft of discarded records), cyber terrorism, computer virus and employee sabotage or pilferage of information and identity theft.

ReputationGuard®

Innovative insurance protection and access to world class communications experts to help companies cope with reputation threats and negative publicity.

Property

Offshore Property

Offshore and upstream energy property insurance and related coverages that provide the necessary protection oil and gas companies need in the event of damage to an offshore oil rig or drilling facility.

Standalone Property Terrorism Coverage

Property insurance that provides broad protection against losses to physical assets arising from terrorist acts around the world.

Surety

Surety

Traditional and non-traditional surety solutions that we can customize to meet the diverse needs of clients.

Trade Credit and Political Risk

Political Risk

Protection investors, financial institutions and corporate clients need to safeguard their investments in overseas markets against unpredictable losses due to specified political risk perils.

Trade Credit Insurance

Protection for companies that sell goods or services on credit terms against the risk of non-payment due to buyer insolvency, protracted default, political risks or acts of war that prevent contract performance and failure to perform obligations under contract.

Trade Finance

Credit insurance supporting structured and supply chain finance transactions based on trade receivables.


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