NEW YORK, NY, December 10, 2012 – On January 1, 2013, USAIG will roll out a new, full-featured workers’ compensation insurance package – AeroComp by USAIG – designed specifically to address the needs of aviation operators, including both commercial and business operations. USAIG is a leading provider of insurance to the aviation and aerospace industries.
“This new program leverages our 80-plus years of expertise as an insurance underwriter focused exclusively on aviation, as well as 37 years of experience providing industry-leading and well-known aviation workers’ compensation programs that have generated remarkable returns for program participants,”
USAIG continues its partnership with Liberty Mutual Insurance, a leading provider of workers’ compensation insurance, to offer the new program. USAIG member companies also participating in AeroComp include Berkshire Hathaway affiliates General Reinsurance and Columbia Insurance, which have earned A.M. Best ratings of A++. All member companies also are top rated by S&P, Fitch and Moody’s.
AeroComp is rooted in a philosophy of superior insurance products backed by industry-leading claims service and full online service capability.
The program features access to a range of safety products and services designed to complement ongoing safety initiatives by bridging gaps in or reinforcing safety training and compliance.
· All AeroComp participants receive full access to workplace safety programs through Liberty Mutual SafetyNet™, a web-based program that delivers the latest safety research, OSHA compliance tools, industry analysis and training materials. SafetyNet can help operators reduce cost of risk by improving workplace safety.
AeroComp participants who take advantage of additional USAIG coverages – such as aircraft hull and liability, airport premises, products and hangarkeepers – have further access to valuable safety initiatives from USAIG’s Performance Vector safety initiative:
· Reimbursement for any industry-recognized line service training.
· Operational safety programs emphasizing human factors to minimize error in aviation. These programs include forward-looking, practical human factors training and strategic tools to enhance safety management systems.
AeroComp participants who qualify for schedule rating may also receive credits related to the safety of their operation.
The new program does not affect the insurance coverage of current USAIG workers’ compensation policyholders, who may automatically qualify for participation in AeroComp when their current policy expires.
For details on our sliding scale dividend programs or any other aspect of AeroComp, please contact your agent/broker and see our FAQ at usaig.com.
For more than 80 years, USAIG has devoted its efforts exclusively to insuring all facets of the aviation industry. The company offers a full spectrum of aviation insurance products and services in addition to workers’ compensation. The unparalleled network of underwriting and claims professionals extends across the United States and Canada. Insured operators know it is not just another impersonal insurance underwriter – but the friends they’ve come to know and trust.
United States Aircraft Insurance Group (USAIG) provides a full spectrum of coverage options for owners, operators, manufacturers and maintainers of corporate, private and commercial aircraft. This U.S.-based insurance pool was founded in 1928 by World War I pilots and businessmen David Beebe and Reed Chambers. In its efforts to remain the world’s leading aviation underwriting company, USAIG constantly innovates to deliver unique aviation insurance products and services. That includes introducing the industry’s first science-based, risk-reducing fatigue-management solution. USAIG is managed by the United States Aviation Underwriters, Inc. (USAU), which is headquartered in the New York City financial district and maintains the industry’s largest network of underwriting and field claims offices. USAU’s wholly owned subsidiary, Toronto-based Canadian Aviation Insurance Managers (CAIM) manages the Canadian Aircraft Insurance Group (CAIG) insurance pool. USAIG is a subsidiary of General Re Corporation, a Berkshire Hathaway company. www.usaig.com