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Phoenix Aviation managers announced that it has renewed an exclusive agreement with the National Business Aviation Association (NBAA) to provide a workers’ compensation program for the NBAA’s Membership of more than 8,000 companies.
The NBAA Workers’ Compensation Insurance Program was introduced in 2009 to provide access to high-quality coverage at competitive rates for NBAA Member companies. The program is independently underwritten by Phoenix Aviation Managers and its affiliate, Old Republic Insurance Company.
“We are delighted with the results of this insurance program. In addition to receiving competitive premiums, the participating NBAA Members earned a 20% cash dividend for two consecutive years due to the excellent loss experience of the group,” stated Phoenix Aviation senior vice president and workers’ compensation manager Craig Benn.
All NBAA Members who operate aircraft are eligible for this insurance program regardless of size or Member category. This includes all size flight departments, from single aircraft operations to multi-aircraft flight departments. Policies cover everyone involved within the company’s flight operation including pilots, maintenance technicians, flight attendants, flight department managers, aircraft operators and administrative personnel. In addition, there are provisions for companies using contract pilots, contract flight attendants and other contract crew.
NBAA Member companies that are not participating in the Workers’ Compensation Insurance Program, but would like to know more should contact their insurance agent or visit www.nbaaworkerscomp.com.
Insurance coverage is provided by Old Republic Insurance Company. Dividends are declared by Old Republic’s board of directors and are dependent upon the group loss experience and therefore cannot be guaranteed. Past dividend experience should not be used to predict future performance.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
