Coverages
• Aircraft Hull & Liability
• Spares All Risks
• Third Party Liability
• Products Liability
• Hangarkeepers Liability
• Premises Liability
• Cargo Legal Liability
• Hull War
• Liability War

Target Appetite
• Operators of eVTOL, eSTOL and eCTOL aircraft
• Operators of autonomous and RPAS fleets
• Manufacturers of electric aircraft and major components
• Suppliers and distributors of component parts
• Service, maintenance, and repair operations
• Vertiport construction and operations
• Airspace management infrastructure and services
• Electric aircraft flight testing

The aviation industry is on the brink of entering a new era, with electric aircraft close to redefining air travel. Companies across the aerospace sector are developing fully electric planes that offer quieter operations with reduced maintenance and lower costs. However, a shift to electric aircraft in commercial use introduces unique technical and operational risks. ATA provides specialized coverage to address the specific needs of the electric aircraft sector.

Electric Aircraft / eVTOLs

Electric aircraft are powered by electric propulsion systems that rely on the most advanced battery technology. This design significantly reduces mechanical complexity compared to traditional combustion engines, resulting in fewer moving parts and lower maintenance requirements. These aircraft range from small urban air mobility vehicles to larger regional models in development, which could transform short-haul aviation. Often featuring vertical capabilities (eVTOLs), current designs vary drastically, from fixed wing, to multicopter and vectored thrust.

The transition from prototype to full operational deployment, introduces risks related to battery reliability, charging infrastructure, and operational safety. ATA’s insurance solutions are designed to mitigate these risks, ensuring a smooth path to commercialisation.

The Role of Insurance in Commercialising New Aviation Technologies

Advanced Air Mobility, or AAM, has been widely welcomed as the catch-all term for a new ecosystem of aviation technologies: from smaller unmanned systems to passenger-carrying eVTOLs and larger fixed-wing electric, hybrid and hydrogen-powered regional aircraft. ATA is are here for the broad AAM landscape, with targeted risk appetite for manufacturers of aircraft and major components, operators of eVTOL, eSTOL and eCTOL aircraft, operators of autonomous and RPAS fleets, suppliers and distributors of component parts, service, maintenance, and repair operations, vertiport construction and operations, design and engineering consultancy, airspace management infrastructure, alternative aviation fuels and powertrains, and next generation avionics. As the AAM sector moves from the phase of research and development to full commercialisation, managing the risks of emerging technologies becomes critical. Here’s how ATA helps:

Hull Insurance: The aircraft and equipment used in AAM are highly sophisticated and expensive. Manufacturers and operators can be left exposed to substantial losses. ATA provides damage coverage for the full range of AAM technology, from eVTOL test flights, to drone fleet operations as well as the ground control equipment needed to make it all possible. With expert loss adjusters and claims teams, ATA ensures that companies can recover quickly from incidents and continue their operations.

Third Party Liability Protection: Whether you're launching an air taxi service or managing a delivery service drone fleet, accidents or malfunctions can lead to costly third party claims. ATA's insurance policies offer robust coverage to protect operators from claims related to such property damage or injury.

Products Liability Protection: Manufacturers in the AAM space are constantly developing new products with ever increasing complexity. Whether developing alternative fuel propulsion systems or parts for high-altitude platform systems, ATA’s specialized products cover helps mitigate the risks associated with taking these technologies to market.

Why Choose ATA?

Choosing the right insurance partner for your AAM venture is crucial to ensuring smooth operations. Here’s what ATA offers for your business:

Industry Expertise: ATA specialises in insurance for advanced technologies, with a deep understanding of the unique challenges posed by rapidly evolving industries. Our team is made up of experts who are deeply engaged in the developments of the aerospace industry so that our policies are at the forefront of the sector.

Tailored Solutions: We recognize that no two AAM companies are alike. Whether you're a startup testing new hydrogen technology or an established operator looking to purchase eCTOL aircraft, ATA provides customizable insurance solutions that fit your specific business needs.

Proactive Risk Management: ATA goes beyond simply offering policies—we work as your strategic partner, helping you identify and mitigate potential risks before they impact your operations.

Comprehensive Coverage: With ATA, you get more than just traditional insurance. Instead our range of coverages is set up to ensure all aspects of your business are protected.

Regulatory Compliance and Adaptation: AAM is a rapidly evolving sector, and keeping up with changing regulations can be challenging. ATA works closely with aviation authorities to ensure that your business is always covered.

As the transportation landscape evolves, Advanced Air Mobility is leading the way. With the growth of this sector come new risks and challenges that must be managed effectively. ATA provides the specialised expertise to navigating the complexities of AAM, helping you safeguard your business as it grows.

_{Image Credit: Archer, "Midnight", www.archer.com, 2024.}