Guest sypkens Posted September 1, 2008 Share Posted September 1, 2008 Hi, I am going through the motions of obtaining income protection insurance for my business. I am self employed in IT with no coworkers or staff so pretty much if I do not work I do not get paid - hence the reason for the insurance. When filling out the forms I noted my aviation passion and stated I have a RAA license. The insurance has come back saying they will cover me but aviation activities are excluded and at this point I see no need to be covered if they will not cover me for that. My question is has someone else been in this position? Have you found a remedy from an insurance company that will cover you for this and what sort of license do you have? Should I consider going to GA? I would like to be insured but to me it is pointless unless they cover me for work and play. Any help will be appreciated. Thanks Jan Link to comment Share on other sites More sharing options...
Admin Posted September 1, 2008 Share Posted September 1, 2008 Sypkens I know of another forum member that may be able to help so I will give him a ring and get him to PM you. Link to comment Share on other sites More sharing options...
Guest sypkens Posted September 1, 2008 Share Posted September 1, 2008 Thanks Ian. Link to comment Share on other sites More sharing options...
Guest airsick Posted September 1, 2008 Share Posted September 1, 2008 Ian, if he is agreeable then post his details here. I am going through the same thing at the moment and would like to know some alternatives. Link to comment Share on other sites More sharing options...
slartibartfast Posted September 1, 2008 Share Posted September 1, 2008 I'm in the same position Jan (IT contracting), and my wife said "no insurance, no flying". I managed to get cover after a lot of elaboration on the aircraft type, but they limited it to 100 hours a year, and it ain't cheap. I can check the details tonight and let you know. Ross Link to comment Share on other sites More sharing options...
Guest x119 Posted September 1, 2008 Share Posted September 1, 2008 Income protection insurance Hi all, please feel free to give me a call 0394498135. I can fill you in on the services we can provide. Regards, Mark Link to comment Share on other sites More sharing options...
brilin_air Posted September 1, 2008 Share Posted September 1, 2008 Sypkens, I have the same problem, but I just make sure I am covered on the actual aircraft insurance policy. This probably only helps if you own your own aircraft. Brian Link to comment Share on other sites More sharing options...
Guest Rocko Posted September 1, 2008 Share Posted September 1, 2008 Why not post some info on the board, too? Been there, done that, too. As a suggestion, perhaps you could post some basic info on the board here as to the requirements and limitations of such incurance? Could be a help for everyone? Scotty Link to comment Share on other sites More sharing options...
Guest sypkens Posted September 9, 2008 Share Posted September 9, 2008 Doh! Hi all,please feel free to give me a call 0394498135. I can fill you in on the services we can provide. Regards, Mark I thought I would resurrect this thread. After a very usefull discussion with Mark i was put in contact with a broker through Mark and it would appear it is fine if you have a GA license and fly GA licensed planes. However us mere mortals flying the kites are still not covered. I am quite keen to get a GA ticket. My only problem is time. So i am still looking for a person that can point me in the direction of a broker or company that will underwrite Income protection on an RAA license? anyone else have expertise, knowledge or experiences (good or bad) they can share? Jan Link to comment Share on other sites More sharing options...
Guest x119 Posted September 9, 2008 Share Posted September 9, 2008 Hi Jan, I assume Richard has been in touch. It appears that all of the insurers are the same at present - will cover you but exclude payout in the event the injury caused by an ultralight. Will continue to discuss matter with Comminsure and others. I would think from an underwriting point of view that having an inclusion (which they would charge a premium) for ultralights would be a good money spinner for the insurance companies. This will be an ongoing process so I will keep y'all updated when I find out any more. Link to comment Share on other sites More sharing options...
Guest bigblockford545 Posted September 9, 2008 Share Posted September 9, 2008 RACV business don't care if you fly, or skydive for that matter. But Motorcycles are frowned upon.thumb_down Simon Link to comment Share on other sites More sharing options...
Guest sypkens Posted October 10, 2008 Share Posted October 10, 2008 Hi, I have had some resolution on this. Found a broker on the gold coast that has a product from Macquarrie that will underwrite ultralights / ga based on 3 conditions: 1) You do not fly more than 75 hours per annum 2) you do not do aerobatics 3) you do not perform in stunt shows. It was also coupled to a life policy through macquarrie super that included trauma insurance and total permanent disablement and further it also had a business expense insurance coverage. Hoping i dont bend the commercial rules:sorry:, If you are interested the broker's details is Fraser Jack from AON. His number is 07 5553 8900. Jan Link to comment Share on other sites More sharing options...
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