Helicopter Insurance

Hayward Aviation is the specialist helicopter insurance broking team within Arthur J. Gallagher (UK) Limited providing helicopter insurance for clients in over 70 countries worldwide. The company was first founded as a specialist rotor wing insurance broker.

Helicopter Insurance

We arrange rotor wing insurance for private helicopter owners, commercial helicopter operators, flight training schools, air ambulance services, police and other governmental agencies.

We understand what you (owners and operators) need from your helicopter insurance – a policy that will cover the unique design versatility of helicopters; outstanding service; expert advice and a quick response time for your rotor wing insurance policy documents.

Today, we have clients operating in hazardous territories around the world, undertaking a range of missions which include UN humanitarian relief work, infrastructure projects, natural resource
exploration and extraction, security, Medevac and governmental helicopter operations.

Insurances to consider

Liability Insurance

Liability insurance essentially provides cover against loss, damage or injury to third parties which include passengers, cargo, mail and baggage. Although different insurers may offer slightly different policy limits and definitions, they do not generally provide cover for the pilot in command (of an aircraft) or the actual aircraft.

You must also carry evidence of this insurance onboard the aircraft at all times.

It is a legal requirement for any aircraft flying in the UK to have a minimum amount of liability insurance, as required by EU legislation. The minimum insurance requirements are set out in Regulation EC785/2004. This legislation applies to all EU countries and similar regulations apply in most other countries worldwide.For information on the EU limits, visit www.caa.co.uk.

Hull Insurance

A hull insurance policy indemnifies you against a loss or damage to your aircraft.

Hull insurance policies are generally arranged on an agreed value basis, where the value of the aircraft is agreed in advance. In the event of a total loss, insurers pay out the agreed value, rather than the current market value.

It is important to set a realistic agreed value sum insured. If you choose a value below the true value of the aircraft, at the time of a loss an insurer may decide to declare the loss uneconomical to repair and pay the claim based on the agreed value. This payment may not fairly reflect the cost of replacement. However, if you overvalue your aircraft, insurers may elect, when you suffer a significant loss, to repair the aircraft rather than "write it off' even if you wish to have the aircraft declared a total loss.

Haywards Aviation