Business interruption insurance

If hull or engine damage is suspected or has actually occurred in an aircraft, high consequential costs may be incurred for operations as a result of the failure.

Commercial aircraft operators have the option of covering these costs by purchasing aircraft business interruption insurance. The insurer’s compensation payment can then compensate for any additional costs, fixed costs and lost profit.

According to the conditions, a time deductible (e.g. 2 days) and a maximum settlement period (e.g. 20 days) are agreed with the insurer depending on the type of aircraft and the type of operation.