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- Individuals & Families
- Partnerships
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Aviation
Who We Cover
- Airline operators
- Aircraft manufacturers (commercial, military, general aviation)
- Aviation component makers
- Airports and airport service providers (airside and non-airside)
- Air Traffic Control, Ground Handling, Baggage Handling, MRO, Refuelling, Contractors, Catering, Concessionaires
- General aviation fleets and private aircraft owners
Products & Services
- Property
- Business Interruption
- Public & Products Liability
- Employers Liability
- Environmental Liability
- Accident & Health
- Cyber
- Management Liability
- Marine
- Terrorism
- Airline Liability
- Hull Liability
- Airport Liability
- General Aviation Insurance
- Crew & Passenger Personal Accident
- Aircraft Spares
- Hull War
- Premises, Hangar keepers & Product Liability
- Aviation Products Liability (manufacturers and components)
Why Choose Chubb?
Glossary of Aviation Insurance Terms
To help you navigate the sector’s terminology, we provide a glossary covering key terms such as OEM, grounding, EASA, FAA, airworthiness directive, aircraft product, criticality, working parties, airside and CAA.
Aviation insurance involves a number of acronyms and terminology that you may be unfamiliar with. Please find a quick run down below.
OEM
Original Equipment Manufacturer. An OEM is the original designer and manufacturer of the aircraft e.g. Airbus.
Grounding
Withdrawal of aircraft from flying operations due to an Airworthiness Directive.
EASA
European Union Aviation Safety Agency. Body responsible for civil aviation safety in the European Union.
FAA
Federal Aviation Administration. US Agency responsible for civil aviation safety.
Airworthiness Directive
An Airworthiness Directive (AD) is a legally enforceable regulation issued by a national aviation authority to address an unsafe condition in an aircraft, engine, or part. Owners and operators of affected aircraft must comply with the AD, which mandates specific inspections, repairs, or modifications to correct the safety issue.
Aircraft Product
This means any completed aircraft or unmanned aerial vehicle (UAV) and any product which forms a part of an aircraft or UAV including any product not installed but intended for use in an aircraft or UAV such as spare parts.
Criticality
Measure of importance of non-critical components to the safety and operation of the aircraft, with level 3 being most critical and 1 the least.
Working Parties
Extension, available by endorsement, for work away performed by the insured’s employees in relation to aircraft products.
Airside
Area of the airport after security to which access is restricted to passengers, aircrew, and employees with appropriate security clearance.
CAA
Civil Aviation Authority. A national civil aviation body responsible for aspects of aviation safety such as the UK CAA, EASA, and FAA.
Aviation Premises Liability
Extension, available by endorsement, for work performed while at airport premises, including airside.