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“Will I
be able to get liability insurance in the future? And even if I can, will I be able to afford
it?” If you’re
like most repair station owners today, you are very concerned about these
questions. But now
there’s a better way. The Aeronautical Repair Station Association (ARSA) is proud to sponsor a
viable option that lets its members take control of their own liability
insurance and save. It’s the Aviation
Alliance Insurance Risk Retention Group (AAIRRG).
Insurance Exclusively for Repair
Stations,
Owned By Repair Stations
AAIRRG
is an insurance company owned by 88 of the leading independent repair stations
in the
U.S.
Believe
me, few of us wanted to own an insurance company. But because of the outrageous prices we were
paying for aircraft products liability insurance (products coverage), our hand
was forced.
I’ll
tell you how we did it in a moment. But
first, let me give you the bottom line of what it means for you.
-
You could save up to 35% on
liability insurance.
-
If you’re insured by AAIRRG, you’ll
own a piece of the company
and share in the profits.
-
You’ll have access to a viable
insurance option for the foreseeable future.
I know
you’ll have questions. So take a few
minutes to read on, and then if you feel that AAIRRG might be a good fit for your
repair station, you can request a free quote.
An Eye-opening Analysis
In 2004,
a core group of ARSA members agreed to contribute time and money to test
whether there might be a better alternative to the costly insurance options
available at the time.
These
members launched a feasibility study, examining 18 years of NTSB data. The study found that only 1.3% percent of
U.S.
aircraft crashes resulting in bodily injury or third-party property damage were
a result of maintenance. Only 1.3%!
With
this information in hand, the group approached reinsurers to try to find
support for the idea of a more affordable, exclusive aviation repair station
insurance option.
The Problem: We Were Unfairly
Lumped With Higher-Risk Ventures
Reinsurers
were not unwelcoming, but there was a problem:
they were unable to address specific losses surrounding repair stations
because of their categorization of us as a miscellaneous
class of business.
Who else
is included in this category? Air shows,
speed events, medical air evacuation, aerial construction, firefighting, crop
dusting, flight training and other higher-risk ventures.
Our
research showed that repair stations were (and many still are) being forced to
pay higher premiums to subsidize these high-risk businesses in aviation
insurance markets. We needed a better
option.
A Better Alternative
We spent
six years putting AAIRRG together, isolating it from other aviation insurance
markets so that we could offer better rates.
In June 2010, we received our
certificate
of authority, authorizing us as a licensed insurance company.
Now, in
our second year of operation, we’ve become a substantial presence in the
aviation marketplace:
AAIRRG
has rigorous standards for eligibility.
But, for those who qualify we offer a fair price and a viable insurance
option for the foreseeable future
Any Profits Belong to Us!
If you’re
insured by AAIRRG, you will own a piece of the company. And while future dividends cannot be
guaranteed, let me share the following fact with you:
For the past 30 years, the entire aviation line of
business in the U.S. has consistently been the second most profitable line of
liability insurance, producing a better than 50% pretax profit each year!
Imagine
not only saving on your insurance, but also profiting from that savings! No other aviation insurer would even consider
paying a dividend to its policyholders.
But, as an AAIRRG owner/insured, future profits will come back to you.
I think
you’ll agree, this is an exciting and sensible option. It’s worth taking a few minutes to explore
our website to learn more.
Then,
you can request a free quote to see just how much your shop can save.
We look
forward to welcoming you into the fast-growing AAIRRG family.
Warmly,
Bill Perdue, President
P.S. If you have questions and would like to talk this over with a real person, you can
call 707-963-2400 now. | 
