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Mon, May 04, 2009

New NBAA Workers' Compensation Insurance Program

Partnership with Phoenix Aviation Managers Aims to Reduce NBAA Members' Insurance Costs

A new NBAA workers' compensation insurance program is offered exclusively to NBAA Members as of May 1. The NBAA Workers' Compensation Insurance Program is underwritten by Phoenix Aviation Managers, Inc., and the program is administered by NationAir Aviation Insurance of Chicago.

"As our Members seek to reduce operating costs in today's challenging economic environment, we believe that this program will provide high-quality workers' compensation insurance at a reduced price," said NBAA President and CEO Ed Bolen.

In addition to reducing the cost of workers' compensation insurance premiums for NBAA Members, the program benefits the organization itself. A small, but meaningful, portion of the premium proceeds paid into the program will come back to NBAA to fund its mission of assisting companies that rely on general aviation aircraft to make their businesses more efficient, productive and successful.

"We are honored to have been officially recognized by NBAA as the licensee to administer this money-saving program to the general aviation community," said NationAir President Jeff Bauer. "After detailed discussions with NBAA and Phoenix Aviation Managers, we have been able to design a program that addresses the unique needs of NBAA Members."

Eligible NBAA Member businesses include all fight departments, even one- or two-person; multi-aircraft flight departments; FBOs; charter operators; as well as maintenance and service providers, and other aviation businesses. There are even provisions for contract pilots.

NBAA Member Companies that already have an aviation insurance provider can simply contact their current broker, who will be able to obtain the workers' compensation insurance through Phoenix Aviation Managers.



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