Travelers Aviation Climbs With Added Capacity

Travelers Aviation is increasing its capacity to insure aircraft for hull coverage values up to $50 million. The new increase will allow Travelers to insure larger general aviation aircraft, including jets with international capabilities such as the Gulfstream 450/500/550, the Falcon 7X and the Bombardier Global Express.

Both Travelers Flight Plan Preferred^SM and Travelers Flight Plan Premier^SM policies will now have capacity to insure up to this new hull limit for eligible accounts.

In December 2007, Travelers introduced Flight Plan Preferred, its second aviation insurance policy, which is a flexible policy form providing aircraft hull and liability coverage designed for today’s diverse general aviation fleet, including pleasure and business transportation, municipal aircraft accounts and commercial/charter operators. Travelers introduced Flight Plan Premier, an integrated hull and liability policy form designed to meet the needs of corporate flight departments, in May 2007 with the launch of its Aviation unit.

Travelers Aviation was introduced to provide coverage for U.S.-based aviation exposures through a licensed U.S. company.

Last month, Travelers Aviation announced that it now offers workers' compensation coverage for general aviation flight departments, including pilots, ground crew and administrative staff. The program supplements aircraft hull and liability policy forms for flight departments ranging from a single pilot to large departments.