|By PR Newswire||
|September 25, 2013 02:34 PM EDT||
KENNESAW, Ga., Sept. 25, 2013 /PRNewswire/ -- Phoenix Aviation Managers announced today that it is introducing Aviation Manufactured Products Liability coverage, the company's new policy for manufacturers of non-critical aircraft parts and components.
"For manufacturers supplying component parts to the aerospace industry, aviation manufactured products liability insurance is an important consideration when evaluating potential exposures to its business," stated Phoenix Aviation Senior Vice President and Product Line Manager, Gary Churchill. "Our new policy offers the key coverages to protect manufacturers against third party legal liability arising from physical damage or bodily injury as a result of an alleged product failure."
Coverage highlights include:
- Liability limits up to $50,000,000 CSL including property damage, bodily injury and grounding liability
- Personal and advertising injury coverage
- Airport premises liability coverage
- Hangarkeepers with option to include in-flight exposure
- Contractual liability coverage
- Non-owned aircraft coverage
- War and terrorism coverage
Combined with Phoenix Aviation Managers risk control services and in-house claims expertise, the new Aviation Manufactured Products Liability coverage provides a comprehensive risk management approach to manufacturers of non-critical aircraft parts and components.
About Phoenix Aviation Managers
Since 1983, Phoenix Aviation Managers, Inc. has been serving the general aviation community by offering a wide range of insurance products through independent insurance agents and brokers. Phoenix Aviation Managers is a wholly-owned subsidiary of Old Republic International Corporation. Insurance contracts underwritten by Phoenix Aviation Managers are issued by Old Republic Insurance Company. For more information, visit www.pamav.com.
SOURCE Phoenix Aviation Managers, Inc.