What are aviation insurance companies looking for?
In June, 2006 Baldwin’s safety programs were reviewed and are supported by three of the largest aviation insurance providers in the world. Insurance companies look favorably on flight organizations that maintain a robust safety program. Baldwin clients have reported experiencing “significant” savings in their insurance renewals. An effective safety program includes: A Safety Management Program, including SMS, that is accepted and operated by highly qualified and motivated personnel. Elements of such a program include: a. Ongoing safety surveys b. Safety meetings c. Methods for detecting hazards d. Use of best practices e. On-site reviews and/or audits f. Process of monitoring safety BEFORE an incident/accident occurs. An Operations Manual and Emergency Response Plan – complete, current, and approved by the company’s executive management – establishing standards and parameters that meet or exceed FAA air carrier or industry criteria (the higher the standards, the safer the operation is
