Introduction:
In view of the progressive expansion of Petroleum Air Services
activities to include other activities and the increase of
company assets, namely aircraft and buildings, and the liabilities
of the company towards others, the company has taken steps
for various Insurance Coverage aiming at ensuring protection
of its properties and continuation of its activities, as well
as providing protection to its personnel and all parties dealing
with the company. Since the main activity of the company is
providing air transport services for employees in the Petroleum
Sector and other newly introduced activities, an outstanding
Insurance Coverage had to be procured for:
The following is
a glimpse of the various types of Insurance Coverage.
- Insurance coverage of company's aircraft
- Hull all risk, liabilities
- Hull war risk including hijacking
- Flight Crew personal accident
- Flight Crew loss of licenses
- Insurance coverage of Buildings and their contents
- Health Insurance of Personnel
- Life Insurance
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