Aviation specific workers’ comp plan set to debut

NEW YORK — On Jan. 1, 2013, USAIG will roll out a new workers’ compensation insurance package – AeroComp by USAIG – designed specifically to address the needs of aviation operators.

“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,” says USAIG President and CEO David McKay. “With its safety training, customized pricing options and excellent claims service, this program will be of particular interest to current customers, as well as other commercial and business aviation operations that focus on operational safety and excellence.”

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.

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, company officials said.

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 more information: USAIG.com

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