Airport Insurance Coverage and Risk Management Practices
AIRPORT COOPERATIVE RESEARCH PROGRAM. ACRP SYNTHESIS 30. A Synthesis of Airport Practice
TRB, NAS | 2011 | ISBN: 9780309143561 | 63 pages | PDF | 4 MB

This TRB's Areport identifies both the variables that affect insurance purchasing for airport operators and the range of risk management practices that exist among U.S. airports. The report is designed to help airport officials confronted with risk-financing and insurance-purchasing decisions.

CONTENTS
SUMMARY
CHAPTER ONE INTRODUCTION
Background
Objectives of Study
Scope of Study
Study Methodology
Organization of the Report
CHAPTER TWO AIRPORT OPERATOR INSURANCE-BUYING PRACTICES
Use of Brokers
Insurance-Purchasing Decisions
Interview Results—Insurance-Purchasing Decisions
CHAPTER THREE AIRPORT RISK MANAGER'S ROLE
Airport Risk Managers
Risk Analysis
Priority of Exposures
Claims Administration
Increasing Importance of Risk Management at Airports
Interview Results—Risk Manager's Role
CHAPTER FOUR COVERAGE SELECTION
Property and Liability Insurance
Insurance for Construction
War Risk and Terrorism Insurance
Interview Results—Coverage Selection
CHAPTER FIVE PRACTICES FOR CHOOSING DEDUCTIBLES AND LIMITS
Deductibles
Limits
Interview Results—Deductibles and Limits
CHAPTER SIX RISK RETENTION
Self-Insurance
What Compels an Airport Operator to Self-Insure?
Assessing the Viability of Self-Insurance
Forgone Coverage Types
Selection of Deductibles
CHAPTER SEVEN CONCLUSIONS
REFERENCES
BIBLIOGRAPHY
GLOSSARY
APPENDIX A SURVEY QUESTIONNAIRE
APPENDIX B LIST OF SURVEY RESPONDENTS
APPENDIX C INTERVIEW QUESTIONS
APPENDIX D LIST OF INTERVIEWEES
APPENDIX E INTERVIEW RESPONSES