The Aircraft Builders Council was founded in 1954 at a time when aviation products liability coverage was in its infancy and not readily available on the open markets. Working together, sharing a common goal, a group of aviation manufacturing companies, brokers and insurers developed a products liability insurance facility for the benefit of manufacturers in the aviation industry.
Since its formation, the Aircraft Builders Council program has provided aviation products liability insurance and continues to be the leader in developing coverage to satisfy the dynamic needs of the industry that it serves. Participants in the program may secure coverage limits of up to USD1.5 billion. ABC also offers coverage for the smaller manufacturer (up to USD50m) and Product Recall Coverage. See www.aircraftbuilders.com for more information.
Industry
Airlines and Aviation, Aircraft
HQ Location
4248 Park Glen Road
Minneapolis, MN 55416, US
Keywords
Broad aviation products and related risks coverageCapacity Up to USD 1 BillioAircraft Products InsuranceAviation Products InsuranceGrounding LiabilityAviation Product Recall InsuranceAircraft Component Part ManufacturersAviation Component Part ManufacturersProducts Liability InsuranceAviation Manufacturers