Mon, May 04, 2009
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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