Revisions and additions make the second edition an even better teaching and learning tool of the basic principles of insurance and risk with their special application to the aviation industry. A foundation of general knowledge is provided in a subject matter that plays a significant role in any aviation-related business. A number of the chapters have been completely updated to reflect the many industry, market, and legislative changes during the 1900s. The chapter on hull and liability contracts includes “Insurance Considerations for Business Aircraft Owners.” This new section covers insurance requirements for companies operating aircraft under various arrangements including joint ownership, interchange agreement, time-sharing agreement, exclusive dry lease, management company, and fractional ownership. Appendixes include current aviation policies, endorsements, and applications as well as self-tests. College students, corporate pilots or fixed base operators, and individuals in the insurance business will gain a broad understanding of insurance and risk management applicable to the aviation enterprise.
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