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Insurance underwriter Worldlink Specialty and Oneglobal Broking have introduced a liability insurance solution tailored for third-party contractors and consultants in the U.S. aviation and aerospace sectors. On Monday, the companies announced the new AeroPro product that addresses a gap in liability coverage for clients performing tasks such as aircraft development work or valuations.
AeroPro, backed by the Lloyd’s of London insurance markets, offers professional liability coverage for issues including technical errors and omissions, incorrect advice, and privacy breaches. According to Worldlink Specialty’s president and chief underwriting officer John Songin, the coverage could be suitable for contractors like charter flight brokers, aircraft sales brokers, auditors, and companies working under contract to Tier 1 or 2 aerospace manufacturers.
Songin, who is a pilot, told AIN that the AeroPro cover could protect an insured party from situations arising from subcontracted services. This might include a charter broker contracting with an aircraft operator for a flight that subsequently subcontracts the booking to another operator only for something to go wrong.
