A


s a helicopter owner, especially a non- commercial owner, you may have been asked by the county or city that owns the airport where you park or hangar your aircraft to be added to your insur-


ance as an "additional insured." You probably said, "Sure, why not?" Then you contacted your agent to get the additional party added, and the agent sub- sequently went to the insurance underwriter to complete the request. But exactly what was the airport/city/county really asking for? It's been my experience that the majority of


municipalities are concerned with staying in the loop should something happen to your insur- ance, for example, the cancellation of the pol- icy due to non-payment of premium. Being an additional insured carries with it a require- ment for the insurance company to provide a notice of cancellation to all interested par- ties, usually within 30 days, or ten days for non-payment of premium. That much is pretty easy and is not a problem; the in- surance companies look at this as a vi- carious liability exposure.


20 March 2014


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