What is Hangkeepers?
Hangkeepers liability insurance is a specialized type of business coverage designed for individuals or companies that take temporary possession of customers' aircraft. This includes services like aircraft maintenance, repair, cleaning, storage, or fueling. Because these businesses are responsible for aircraft they do not own, hangkeepers liability helps protect them from financial losses if an aircraft is damaged while in their care.
Who Needs It
Hangkeepers liability insurance is essential for a variety of aviation-related businesses, including:
- Fixed-base operators (FBOs)
- Aircraft maintenance and repair shops
- Refueling and detailing services
- Aircraft storage facilities and hangar owners
If your business routinely handles aircraft you don't own, this coverage helps protect you from costly claims.
What It Typically Covers
Hangkeepers liability coverage generally protects against damage to non-owned aircraft while in your custody. Coverage may include:
- Damage during towing, moving, or storage
- Accidental damage during maintenance or servicing
- Losses due to fire, theft, or weather events while stored
Coverage is often limited to aircraft physically on your premises or under your direct control.
Common Exclusions & Limitations
Like most insurance policies, hangkeepers liability comes with exclusions. Common limitations may include:
- Damage resulting from unauthorized use or operation
- Wear and tear or mechanical failure
- Damage while the aircraft is in flight (unless explicitly covered)
Always review your policy details to understand what is and isn’t covered.
Factors That Influence Cost
The cost of hangkeepers insurance varies based on several factors, such as:
- Type and number of aircraft handled
- Security measures in place
- Experience and training of your staff
- Claims history and business size
Insurers may also consider the value of aircraft in your care and the scope of services you provide.
Proof of Insurance & Compliance
Many airports and aviation authorities require proof of hangkeepers insurance before granting access or lease agreements. Having the proper documentation ensures compliance with local and federal regulations. Requirements vary by location, so check with your airport authority or legal advisor to ensure you meet all obligations.
How to Get a Quote
To protect your aviation business from costly liability claims, get a customized hangkeepers insurance quote today. Start your quote.
Frequently Asked Questions
Is hangkeepers insurance the same as general liability insurance?
No. General liability covers third-party bodily injury and property damage, while hangkeepers insurance covers damage to aircraft in your care that you do not own.
What’s the difference between hangkeepers and hull insurance?
Hangkeepers insurance covers non-owned aircraft in your custody. Hull insurance, on the other hand, protects the owner’s aircraft against physical damage.
Is hangkeepers liability required by law?
It’s not always legally required, but many airports and aircraft owners will require proof of coverage before entering into contracts or lease agreements.
Does this insurance cover aircraft in flight?
Typically, no. Hangkeepers coverage usually excludes aircraft while in flight unless specifically stated in the policy.
Can I get coverage for multiple aircraft at once?
Yes. Policies can often be structured to cover multiple aircraft, depending on your business operations and the insurer’s terms.
Still have questions? Talk to a local insurance expert.