of your pocket. It tells the insurance company that they don’t have to deal with the smaller claims, which can add up. Plus, the insur- ance companies know that’s a lot of incentive for you to be extra careful.”
In an effort to help its member operators better navigate the
current insurance climate, the HAI Board of Directors recently initiated the formation of an insurance working group to address the issue of rising premi- ums. (For more on this, see “Looking for Answers,” p. 38.) “HAI can help insur-
Creating a Sustainable Industry Gardner cautions against operators comparing their premiums with those of other operators, because what might seem similar on the surface actually isn’t. “Every risk is unique. Your operation is different. Your airframe is different with different equipment. Your pilot has different skills and experience. “Ultimately, all of us who fly need a
HAI can help insurance companies identify operators who are doing a really good job with their training and safety culture versus those just operating to minimum FAA standards.
ance companies identify operators who are doing a really good job with their training and safety culture versus those just operating to minimum FAA standards,” says Chris Martino, HAI’s senior director of operations and international affairs. “For those implementing best practices and going the extra mile, insur- ance companies can then say a discount is in order.”
sound and solid insurance industry,” Gardner continues. “If everyone did everything they could and accidents were just a bad day rather than self-induced, then insurance rates could potentially level off or even come down. But those years between 2008 and 2018, those were abnor- mally low rates. We’re now getting back toward what is normal and sustainable.”
Gardner encourages operators to look at how the insurance and
rotorcraft industries are linked by their mutual interest in improving safety. “Te bigger the bucket with less payout, the stronger the insurance industry and the less the likelihood of some catastrophic event upsetting the applecart. We’re truly all in this together.”
SEPTEMBER 2022 ROTOR 39
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