Goldstar Insrance Co. Ltd
en English
goldstar aviation insurance

For Ugandan businesses involved in any facet of the aviation industry; be it commercial airlines, cargo services, or private jet charters, understanding aviation insurance is crucial to successful operations.

We will explain the key components of aviation insurance, helping Ugandan business owners make informed decisions about how to mitigate risk in this high-stakes industry.

Whether you are a seasoned aviation professional or a newcomer navigating these unfamiliar skies, this is designed to elevate your knowledge of aircraft insurance and its indispensable role in the safeguarding of your business.

What is Aviation Insurance?

At its core, aviation insurance coverage, also sometimes referred to as airplane insurance, is a specialised type of insurance designed to address the unique risks associated with the operation of aircraft and airports.

It’s not just about insuring the aircraft itself through, for example, helicopter, light aircraft, or private jet insurance coverage. It’s also about protecting against a diverse range of potential liabilities. These risks can stem from third-party claims, passengers on board, as well as essential aviation company assets.

An aviation business insurance policy is crafted to cater to the specific needs of diverse enterprises within the sector, recognizing that the risks associated with operating a cargo plane are vastly different from those of a private aircraft.

What Does Aviation Insurance Cover?

Are you an aircraft owner, operator, or aviation business looking for protection against the unique risks and challenges of the aviation industry? The GoldStar Aviation insurance policy provides comprehensive coverage for your aircraft, passengers, and business, including:

Aircraft Hull Insurance

This covers physical damage to the aircraft itself. This can include coverage while the aircraft is on the ground, in flight, or taxiing. Hull insurance can be covered basing on an agreed value or the replacement cost.

Liability Insurance

This aviation liability coverage covers the insured’s legal liability for bodily injury or property damage to third parties. This includes:

Passenger Liability

This caters for legal liability for injury or death of passengers.

Public Liability

Aviation liability insurance that covers legal liability for damage caused by the aircraft to third-party property or for bodily injury or death to non-passengers.

Products Liability

This covers liability arising from defects in products used in the aircraft, such as parts or maintenance services.

War And Terrorism Risk Insurance

This covers losses resulting from war, hijacking, acts of terrorism, and other related perils that are typically excluded from standard policies.

To mitigate the financial risks connected with aviation operations and to safeguard aircraft owners, operators, and linked companies from potentially disastrous losses, aviation insurance is essential.

GoldStar's Aviation Insurance Optional Add-Ons

With our optional add-ons for our Aviation Insurance policy, we provide cover against additional risks that could affect your operations.

This protection is designed with the understanding that these unexpected incidents can have devastating effects on your aviation-related business. 

Crew Personal Accident Insurance

This provides aviation coverage for pilots and crew members in the event of injury, disability, or death because of an accident while performing their duties.

Airport Owners And Operators Insurance

This covers liability for airport owners and operators for incidents that occur on the airport premises, including damage to aircraft, third-party property, and bodily injury.

Hangarkeepers Insurance

It protects businesses that provide storage, maintenance, or repair services for aircraft against claims for damage to aircraft in their care, custody, or control.

Cargo Insurance

This covers loss or damage to goods being transported by air.

Loss Of License Insurance

This provides financial protection for pilots who lose their licenses due to medical reasons, thus losing their ability to earn an income.

Each type of coverage can be customized based on the specific needs of the aircraft owner, operator, or related aviation business. The policy terms, conditions, exclusions, and premiums vary depending on factors such as the type of aircraft, usage, pilot experience, geographic operations and liability limits.

Choose GoldStar's Aviation Insurance

GoldStar Insurance offers an Aviation policy which provides the best aviation insurance that encourages safety, accountability and continuity, making it a comprehensive solution for your aviation-related business needs.

At Goldstar Insurance, your protection is our priority. Fly with confidence, knowing you’re covered with GoldStar and let us worry about your business’s financial safety so you can focus on flying.

Invest in GoldStar and engage in your daily operations confidently, knowing that we’ve got you covered.

In order to make an informed decision you can take a look at the Key Considerations and Exclusions to take note of when choosing GoldStar’s Aviation Insurance.

Aviation Insurance

Other types of insurance cover

Marine Hull Risks insurance

Marine Hull Risks insurance

This covers damage or physical loss to your vessel, its equipment, engines and machinery. It covers loss by fire, theft, jettison, piracy and explosion, malicious acts. On paying additional premium you can cover the loss and…

Travel Corporate Insurance

Corporate Travel Insurance

In an ideal world, planes are on time, luggage arrives safely, traffic flows smoothly, the weather is perfect and the hotel room is ready on arrival. However, in reality flights are often cancelled, luggage is lost, a passport…

Agricultural Insurance

Agricultural Insurance

Goldstar is part of The Agro Consortium, that currently consists of Ten (10) Insurance Companies offering Agriculture insurance covering crop and livestock risks. Standardize premium rate cover for crop and…

FAQ’s

You will need contents insurance, sometimes known as all risk cover, for items for which you require cover out with the home. Please provide details of these items at the time of quotation to ensure that the policy provided meets with your requirements.

Accidental Damage cover provides protection against costs incurred through damage that you, your family members or visitors may cause to the structure of your Building or to your Contents. Examples of incidents which would be covered under this extension include putting your foot through the loft floor damaging the ceiling below, leaving a tap running leading to water damage or carpet spillages. Such incidents would not be included under a policy taken out to cover Standard Perils only.

Additional charges will apply and in certain circumstances this cover might not be available.

Items kept in the garage or garden sheds will be covered under the Contents section of your policy provided you have included their value in the total sum insured declared. Limits may apply to the amount that can be claimed for theft of items taken from outbuildings and additional charges may be made for certain items such as ride on mowers. Cover for motor vehicles and motorcycles is excluded. Please declare your requirements for cover kept in outbuildings at the time of quotation to ensure that the policy provided meets with your requirements.

In most cases you will need to arrange cover for your own contents and personal possessions. Please refer to your tenancy agreement to check what, if any cover is provided by your landlord.

An excess is the amount a policyholder is required to pay towards the cost of any claim. You may be asked to pay this amount to a company that has carried out repairs on behalf of your insurer, or alternatively the sum will be deducted from any settlement received.

Tips:

Goldstar claim process

No matter what your worry is, we’re here to help explain the process, assess your claim fairly and minimize the disruption to you with a transparent claims process.

Read More...
How to make a claim

We have a number of options to help you make a claim quickly and effectively. Contact our dedicated claims team for advice on an incident/claim.

Read More...
Why choose us ?

Goldstar Insurance was IFM’s Best Insurance Company in Uganda (2015) and has over the years consistently maintained a Global A+ Credit Rating

Read More...