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R&R Insurance Blog

Fatal Plane Crash in Tom Cruise Movie Serves as Reminder to Review Insurance Policy

Posted by Jason Navarro

tom-cruse-americanmade-trailer-screenshotA 2015 airplane crash killed two men and seriously injured a third during filming of Tom Cruise's upcoming film "American Made".  Whether flying as part of a Hollywood movie production or flying for hobby, this serves as a great reminder not only for aviation consumers but general commercial consumers as well.    

Read full article: Fatal plane crash in Tom Cruise movie leads to insurance fight

Specific to aviation insurance the article  shows why it’s so important to be a “named pilot” and not just meet the open pilot warranty. This provides the protection of insured status at that point without the possibility of an exclusion applying.  

In all types of commercial insurance it’s a good reminder of how important the following points are:  

  1. Proper risk transfer agreements (hold harmless, additional insured and waiver of subrogation)
  2. Review and confirmation that there is adequate limits of insurance with the company you have entered an agreement with.

Have questions regarding coverage on your insurance policy?  Contact a KnowledgeBroker.