Law of Aviation Insurance (Classroom, 3 days)
An essential must-have for any aviation professional that has an interest in insurance, this course offers you an overview of the law of aviation insurance and provides much-needed clarity on the clauses and policies that cover (war and non-war) hull, spares and liability risks in the London market.
On completion of the course you will be able to identify the various types of (war and non-war) insurance coverage available to aircraft operators in the London market, make informed decisions about which clauses/policies to purchase, evaluate the relevant legal and operational factors when interpreting them in cases of cover disputes and manage claims in compliance with the insurance program.
You will critically examine a wide range of standard (Aviation Policy Clauses (AVNs) / Aviation Slip Clauses (AVSs) / London Standard Wording (LSWs) and tailor-made contracts/clauses available to aircraft operators and aircraft financiers, explain the process and the parties involved in purchasing (re)insurance cover and how to settle insurance claims in the London market. You will explore compulsory insurance requirements in several jurisdictions and review standard insurance certificates.
- This course is available at IATA Training Centers, Regional Training Partner locations, and on-demand as in-house training.
What you will learn
- On completion of this course you will be able to:
- Evaluate the broader insurance market and the role of aviation insurance within it
- Determine compliance with minimum insurance requirements
- Discuss the legal implications of the unique way of placing insurance risks in the London market
- Describe the legal implications of reinsurance/fronting
- Identify how courts interpret the various clauses of aviation insurance policies
- Course content
- Compulsory aviation insurance in the EU and UK
- Aviation insurance typesHull
- Products liability
- Loss of license
- Airport operations liability
- War and hijacking
- Aircraft hull and liability risks
- Claims management
- Insurance consideration in aircraft finance
- Aircraft/spares financing and leasing agreements
Who should attend?
- This course is recommended for:
- Aviation lawyers
- Insurance and risk managers
- Aviation underwriters and claim managers
- Airline in-house counsel
- Government officials in the air transport and insurance sectors
An IATA Certificate of Completion is awarded to participants obtaining a grade of 70% or higher on all exercises and exams. A special distinction is awarded to participants obtaining a grade of 90% or higher.
This course is a step toward earning an IATA Diploma in:
- IATA – Embry-Riddle US Aviation Law Diploma
International Air Law Diploma