Willis

Willis Aerospace Contracts and Leasing department offers insurance advice covering all aspects of aviation contractual requirements and obligations. In addition, the team offers an advisory service on aerospace requirements. These experts have a comprehensive network in the insurance aerospace and leasing market available to all Willis Aerospace clients and Willis Aerospace Services clients.

The types of assistance we offer is extensive. Some areas where we can help are:

• Provision of skilled and knowledgeable professionals to deal on the clients' behalf with insurers on complex contractual issues.
• Provision of specialist insurance advice available during contractual negotiations:
  • Aircraft finance agreements
  • Aircraft lease agreements
  • Aircraft purchase agreements
  • Novation agreements etc.
• Review of existing certificates of insurance or reinsurance in relation to existing portfolio of aircraft.
• Review and comment on:
  • Draft and finalised certificates of insurance and letters of undertaking
  • Renewal certificates of insurance and letters of undertaking.
• Direct contact on clients' behalf with lawyers, insurance brokers or insurers of lessee.
• Provision of an update on the insurance implications of changes in law or governmental requirements or aviation business practice as they affect the clients business.
• Advice on insurance matters that relate to:
  • Date Recognition problems
  • EU Liability Initiative
  • IATA Intercarrrier Agreement
  • Minimum Liability Limits, eg: Hong Kong and Germany
  • Montreal Agreement
  • Revisions of IATA Standard Handling and Catering Agreements
  • War Risks: AVN52E, FAA, Government indemnities.

Willis Aerospace Advisory Service
Offers a service to the lease / finance community ringfenced from the broker arm that provides advice on the insurance needs and requirements of lessors / financiers. This culminates in the provision of an opinion letter following reviews of certificates of insurance coverage issued on behalf of the lessee.

Our aim is to assist our clients in responding to the insurance requirements of contracts through a bespoke agreement.

"...offers insurance advice covering all aspects of aviation contractual requirements and obligations."

• EU Liability Initiative
• Montreal Agreement
• Revisions of IATA Standard Handling and Catering Agreements
• Minimum liability limits, e.g. Hong Kong and Germany
• Date recognition problems
• War risks
• Terrorism Risk Insurance Act
• Introduction of Sky Marshalls