Insurance Company
An insurance company is a business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments. In aviation, insurance companies offer various types of coverage to protect aircraft owners, operators, and passengers from financial loss due to accidents, damage, or theft. Aviation insurance policies can cover a range of risks, including liability for bodily injury or property damage, hull damage, loss of use, and business interruption. Insurance companies also provide coverage for aviation-related businesses, such as airports, maintenance facilities, and aviation product manufacturers.
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