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Flight School Insurance

Flight school insurance is a form of liability insurance that covers the operations of a flight school, as well as the students and instructors associated with the school. This type of insurance covers expenses that may be incurred due to liability, property damage, and medical expenses. It also covers legal expenses if a student or instructor is sued. It is important for flight schools to have this type of insurance in place in order to protect themselves and their students from potential financial losses.

Who Needs Flight School Insurance? 

Flight school insurance is designed for any business providing flight instruction services. This could include any flight school, pilot school, or other type of training facility providing instruction on how to fly an aircraft. Flight schools must have insurance in place to protect them from lawsuits, accidents, and other damages that could arise from their business operations.

Types of Flight School Insurance 

1. Liability Insurance: Liability insurance covers a flight school in the event of a third-party bodily injury or property damage claim. This coverage protects the school’s assets in the event of a lawsuit. 

2. Aircraft Insurance: Aircraft insurance covers the aircrafts used in the flight school and their parts and equipment. This coverage protects the school in the event of a loss or damage due to an accident, theft, or vandalism. 

3. Professional Liability Insurance: Professional liability insurance provides coverage for flight instructors in the event of a lawsuit due to malpractice. This coverage protects the school from legal costs associated with malpractice claims. 

4. General Liability Insurance: General liability insurance covers the school in the event of a third-party bodily injury or property damage claim. This coverage protects the school from legal costs associated with such claims. 

5. Student Protection Insurance: Student protection insurance provides coverage for flight schools in the event of a student’s injury or death while participating in a flight school program. This coverage protects the school from legal costs associated with such claims.

How Much Does Flight School Insurance Cost? 

The cost of flight school insurance can vary significantly, depending on the type of coverage needed and the specific risks faced by the school. Generally speaking, flight school insurance policies can cost anywhere from $500 to $2,500 per year, depending on the coverage limits and any additional riders that are added.

Flight School Insurance Requirements 

The Federal Aviation Administration (FAA) requires that all flight schools have the appropriate insurance coverage in place to protect their students, pilots, and aircraft. This includes liability insurance to cover any potential claims of negligence and property damage. Flight schools must also have insurance policies that cover any potential losses due to theft, vandalism, or other types of unexpected events. Additionally, most flight schools will require their students to have their own personal insurance policies in place to cover any medical expenses in the event of an accident.

Commercial Insurance And Business Industry Classification

  • SIC CODE:  4581 Airports, Flying Fields, And Airport Terminal Services
  • NAICS CODE:  611512 Flight Training
  • Suggested Workers Compensation Code(s):  7422 Aviation – NOC – Other Than Helicopters – Flying Crew,  7431 Aviation – Air Charter or Air Taxi – Flying Crew

Flight School Insurance – The Bottom Line 

Flight school insurance is an important component of any flight school. In addition to protecting the school’s assets, it also gives students peace of mind knowing that their investment in their education is protected. Make sure to do your research to find the best policy for your needs. You should also make sure to update your policy as your school grows and evolves.

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