A person or company that leases a hangar or tie-down space at an airport is generally required to have liability insurance. This will cover injuries resulting from the negligence of a tenant. However, in some cases, a lease agreement may include clauses that put the blame on a tenant even if the party is not negligent. Therefore, it is important to read any type of lease before signing it.
In some cases, a lease agreement will not have any type of hold harmless or similar clauses. However, it is still in a tenant’s best interest to have liability coverage as there is still a chance that something gets damaged or someone gets hurt on leased space. For instance, if a customer were to get hurt while checking on work being done to his or her plane, that person may take legal action against the company or the owner personally.
An insurance policy may cover some or all of the damages incurred to people or property in a leased space. Ideally, anyone who owns or leases space in an airport will talk to an insurance agent about their options. By talking with an agent, it may be possible to craft a policy that meets a tenant’s needs without going over budget.
Slips and falls and similar incidents are often preventable accidents. As such, the owner or occupier of premises that fails to clean up a sticky floor may be held financially responsible when an invitee slips and is injured as a result. Those who have been the victim of this type of negligence may want to have legal assistance when seeking compensation for medical expenses and other losses.