Liability Insurance
Liability insurance is a type of insurance that provides coverage to the insured party for damages or injuries they may cause to another person or property. In the aviation industry, liability insurance is crucial for protecting airlines, aircraft owners, and pilots from financial losses resulting from accidents or incidents. This type of insurance covers legal fees, settlements, and judgments that may arise from bodily injury, property damage, or other types of liability claims. Liability insurance is required by law for all commercial airlines and is highly recommended for private aircraft owners and pilots.
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