Introduction To Aviation Insurance And Risk Management

The third edition of Introduction to Aviation Insurance and Risk Management has provided the opportunity to improve the book and extend its life into the 21st Century. Old material has been deleted and newer, more timely material added. Unlike the previous editions, a number of industry professionals have contributed to the new version. Despite these changes the primary purpose of the book remains the same - to introduce the basic principles of insurance and risk with their special application to the aviation industry. It has been designed for several similar, yet distinct audiences: the college student, corporate pilots or fixed base operators, and individuals in the insurance business.

This volume introduces the basic principles of insurance and risk as applied to the aviation industry. It discusses aviation insurance in the United States, and includes coverage of underwriting and pricing, risk management, premises liability and workers' compensation. Sample policies are shown.

Aircraft Insurance Fundamentals: A Concise Guide For Aircraft Owners and Operators, by Tim Bonnell Jr, . is a practical reference for navigating the world of aircraft insurance. Readers will learn why aircraft insurance is unique from other areas of insurance, what affects aircraft insurance rates, how to read an aircraft insurance policy, and how an aircraft insurance underwriter determines premiums. After reading this book the reader will understand how to know what is, and what isn't covered on an aircraft insurance policy

The International Civil Aviation Organization’s (ICAO) decision to require aviation organizations to adopt Safety Management Systems poses a major problem especially for small and medium sized aviation companies. The complexity of regulations overstrains the aviation stakeholders who seek to fully advantage from them but have no clear guidance. The aim of the book is to show the implementation of such a new system with pragmatic effort in order to gain a gradation for smaller operators. This approach should illustrate the leeway in order to adapt the processes and to show the interfaces between Corporate Risk Management and Safety Management. The book shows how to build a system with reasonable effort, appropriate to the size and complexity of the specific operator. It also gives inputs on the key aspects and how to effectively operate such a system with the various interfaces. Furthermore, the book highlights the importance of Corporate Risk Management independent of Safety Management Systems based on ICAO.

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Safety Management Systems in Aviation presents the quality management underpinnings of SMS. The four components that must be designed into proactive safety are: Safety Policy, Safety Risk Management, Safety Assurance, and Safety Promotion. Including coverage on the cultures of regulatory organizations and expanded coverage on culture assessment, the book considers the nexus between cultural maturity and safety management performance. This third edition features new coverage of international requirements and implications for harmonization across international boundaries. In addition, the book includes new chapters and sections, examples, a hypothetical airline-oriented safety scenario, and case studies to enhance and reinforce student understanding. The book is intended for undergraduate and graduate aviation students taking Safety Management and Aviation Safety courses. It also functions as a valuable reference tool for SMS practitioners.