Aviation International News senior correspondent Ian Goold has been involved in aerospace since 1964 and in aviation media for more than 40 years. He enjoyed a 20-year career at Flight International magazine, where he was latterly air-transport editor before turning freelance in 1993. A winner of the European Regions Airline Association Hank McGonagle award for excellence in aerospace journalism and a Royal Aeronautical Society Aerospace Journalist of the Year global&nbsp;award, he has edited or contributed to aerospace and aviation magazines, special publications, and websites in Africa, Asia/Pacific, Europe, the Middle East, and North and South America. Ian entered aerospace as an apprentice at the British Aircraft Corporation at Brooklands (Weybridge), where he worked on production and final assembly lines of the Vickers Super VC10, and BAC One-Eleven , and manufacture of Concorde major sub-assemblies. He subsequently graduated from the BAC Design Training School to work in the airframe structures drawing office (including design of international future projects, such as the Panavia Tornado multi-role combat aircraft) before joining Flight International in 1973. Apart from years of reading aircraft magazines and books, his first direct contact with aviation media had come during the early 1970s when he was involved at Brooklands with the Weybridge Man-powered Aircraft Group, which designed and built the tenth aircraft to fly under purely human power. As an aviation journalist, he has worked at more than&nbsp; 50 of the major biennial&nbsp;global and regional international aerospace industry shows at Le Bourget, Farnborough, Singapore, and Dubai (having missed attending only one "Farnborough" since 1960), plus innumerable NBAA, HAI, (U.S.) AOPA, and EBACE Conventions and ERA Assemblies. His favourite aircraft is the Hawker Hunter, of which – as a schoolboy – he heard hundreds make their first flights from Dunsfold, where also on September 24, 2013, he saw the penultimate landing of the VC10 (happily involving an example of which he had witnessed the maiden takeoff in 1970) a day before the last example made the design's final flight (unless, of course....).

Senior correspondent

Ian Goold

More than 100 business aircraft, with a nominal overall value of more than $1 billion, are currently covered under the <a href="http://www.ainonline.com/aviation-news/aviation-international-news/2011-06-29/new-euro-bizav-insurance-program-offered">FinServe</a> European Business Aviation Placement (F-EBAP) “privileged” insurance program sold by independent broker FinServe Aviation Insurance (Stand 383), which is celebrating its 25th anniversary. The program is designed for business aircraft operators and owners meeting “certain clear operational quality standards,” FinServe chief executive Guy Broddin told AIN, explaining that, “To be covered, [operators] will need to provide a picture of a proven quality operation.”


Eight of “Europe’s top minimum A-rated” aviation insurance underwriters support the F-EBAP program, which FinServe describes as “more like an operator’s insurance policy,” meaning that it provides much more comprehensive coverage to reflect the complex risk exposure business aircraft operators face due to a wider range of activities.


“An operator is more than just an aircraft operator or manager,” explained Broddin. “Most are also handling service or hangar service providers or maintenance facilities, et cetera. All these activities need to be covered under a comprehensive well balanced, well defined insurance coverage, based upon a legal and risk management analysis. Continuous contact with the client insurers [is necessary, so] that coverage is amended throughout the insurance period, if needed.”


Broddin claimed that the aviation insurance industry continues to see “too many policies that are only aircraft insurance policies, not taking into account the complex legal and risk environment in which modern business aircraft operators have to develop.” FinServe's F-EBAP plan “eliminates contractual uncertainty” about what is actually covered by operators’ or owners’ policies. “Many different clauses have been added to broaden the coverage and eliminate some uncertainties usually emanating from a standard aircraft policy,” he stated.


Broddin said the F-EBAP program’s success has given FinServe a growing buying power that has enabled the insurance broker to offer usually “quite costly” clauses at “almost no” additional premium. For example, it can include clauses that cover risks such as premises and hangar keeper’s liability, material and equipment used around the aircraft, general aviation liability and spare parts insurance. “Although the insurance coverage is much broader than usually offered in the market, premiums under the program are often lower.”


The F-EBAP product includes a “Safety Integrity Program Clause” that is intended to stimulate business aircraft operators and owners to make “further investments with respect to IS-BAO, in particular,” or related programs such as safety management systems. “This is unique in Europe and perfectly demonstrates the growing intention of several European aviation insurers and underwriters to cooperate directly with operators when it comes to safety and safety related matters,” concluded Broddin.

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