Liability insurance for airports and related services
Insurance in this field holds an important place in aviation risk coverage and flight safety, as it involves the possibility of high-level risks and ensures the protection of the insured parties' property interests. It is evident that airline companies themselves cannot independently cover compensation. "MOLDASIG," as one of the leaders in liability insurance, safeguards the economic interests of airports and related services.
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The insurance company is interested in the safety of the air traffic system. As a financial institution, "MOLDASIG" directly benefits from investing in flight safety. Special funds are allocated for preventive measures, which, in turn, are directed towards financing the enhancement of airport security.
Civil liability insurance in the aviation sector (including related services) provides protection for the property interests of the insured regarding their obligation to compensate for damages caused during their activities to third parties, passengers, aircraft owners, and cargo owners.
The insured amount, agreed upon by the parties, is the maximum amount the Insurer will pay as compensation for property claims arising from all insured events during the validity period of the specific insurance contract, including all judicial and procedural expenses.
The amount of the insurance premium is determined based on: the volume of liability limits, insurance terms, conditions of insurance, and risk occurrence factors.
The insurance premium can be paid in full or in installments.
Liability insurance protects airports and their operators from claims and damages caused to third parties (individuals or legal entities) due to accidents, damage, or injuries that may occur during airport activities. This includes any activity conducted within the airport premises, as well as external activities such as the transportation of passengers, luggage, and cargo.
Liability insurance for airports can include several types of coverage, including:
- Third-Party Liability: Covers material damages or bodily injuries caused by the airport operator or its activities. For example, in the event of an accident where an airport vehicle hits a passenger or another vehicle.
- Passenger Liability: If passengers suffer damages or injuries during travel or other services offered at the airport, liability insurance can cover compensation expenses.
- Liability for Damages Caused by Aircraft: In the event of an accident during aircraft operations, the insurance covers damages to third parties or airport structures (e.g., destruction of a runway or airport facility).
- Cargo Liability: Covers damages to goods transported through the airport (e.g., loss or damage to a package transported by an airplane or stored in a cargo terminal).
Airports are involved in many types of services, each addressing specific risks that can be insured. These include:
- Maintenance and operation of runways and airport facilities: Airports are responsible for maintaining safety infrastructure such as runways, aircraft parking platforms, and terminals. Liability insurance coverage can include accidents caused by infrastructure defects or maintenance errors.
- Air traffic services: Air traffic control is essential for flight safety. Insurance coverage can include damages caused by errors in managing air traffic, such as collisions between aircraft or flight delays due to traffic management issues.
- Passenger and baggage transportation: Insurance can cover risks related to the transportation of passengers and baggage within the airport or between the airport and aircraft (e.g., accidents while transporting baggage from the terminal to the plane).
- Security services: Airports are responsible for ensuring an adequate level of security. If a security incident (such as a forced evacuation or a terrorist threat) results in damages or injuries, insurance can cover these risks.
- Handling services (cargo and passenger handling): Operators handling baggage, cargo, or equipment may be exposed to risks of damage during these operations. These risks are typically covered by liability insurance.
Liability insurance for airports can cover a wide range of damages and risks, including:
- Material damages: For example, damages to airport infrastructure (buildings, terminals, handling equipment) caused by an accident or incident.
- Bodily injuries: Damages to individuals, including passengers, airport employees, or visitors, resulting from an accident (e.g., ground vehicle accidents, accidental equipment collisions, etc.).
- Economic losses: Financial losses suffered by airlines or other economic partners of the airport due to an incident that affects their operations.
- Environmental damages: Insurance can also cover accidents leading to ecological damage (e.g., fuel spills or other hazardous substances affecting the environment).
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Moldasig offers more safety with the travel medical insurance policy!
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The company's specialists will quickly and conveniently conclude the contract and select the optimal insurance program for each client.
Discounts and benefits are provided when concluding and renewing the contract.
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