Anaheim, California (Feb. 21, 2024) – Schweizer is excited to announce a partnership with Gallagher Specialty’s Aerospace team to offer all Schweizer owners and operators competitive hull and liability insurance through a single point of contact.
This first of its kind helicopter manufacturer-specific insurance program was developed around Schweizer’s legacy and record of quality, reliability, and unmatched safety. While most aviation insurance rates factor the industry’s risk level on a whole, or at the very least, the piston helicopter industry’s risk, Gallagher negotiated rates with the underwriting community based off Schweizer’s impeccable loss history and operational excellence. The result is attractive insurance premiums and coverage terms available to Schweizer owners and operators.
“Schweizer is committed to helping our customers build their businesses, save money, and keep their helicopters flying,” Schweizer President and CEO David Horton says. “Insurance has been a large obstacle. Schweizer owners and operators are paying huge premiums that primarily reflect the risk associated with other helicopter makes and models. We approached Gallagher with the request that our customers’ insurance more accurately reflect Schweizer’s unmatched quality and safety record. The underwriting community agreed, which speaks volumes in today’s insurance market where there is no room for additional risk.”
Gallagher structured the Schweizer Hull and Liability Insurance Program with pre-negotiated rates and scaling limit structures, making it easy for owners and operators of Schweizer helicopters to access coverage. The process is also designed to be seamless. Any Schweizer owner or operator can apply for insurance through Gallagher. They then receive a quote based on experience, aircraft use, aircraft condition, and desired coverage levels at pre-negotiated terms. The insurance is available to cover any Schweizer aircraft flying today and includes options for ancillary coverage. This group buying program is not available to any other make of aircraft.
“We are thrilled to partner with Schweizer to redefine the insurance experience for helicopter owners and operators," said Steve Lloyd, CEO Aerospace US at Gallagher. "This collaboration allows us to leverage our collective strengths to deliver unmatched insurance solutions that prioritize safety and peace of mind for our clients."
About Schweizer
Schweizer manufactures and supports its celebrated line of light helicopters – the S300C, S300CBi, and S333 – at its ISO 9001/AS9100-certified factory in Ft. Worth, Texas. The company operates a FAA Part 145 repair station and also provides overhauls, parts, and aftermarket support for all Schweizer models.
About Gallagher
Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management, and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants
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