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Loss of licence insurance, also known by the abbreviation LOL, is a well-known term worldwide and an integral part of aviation.
The insurer provides benefits if flying personnel or other personnel working in the aviation industry (e.g. air traffic controllers, radar, meteo, etc.) lose their licence to perform their duties due to the loss of their medical fitness.
Fitness to fly can be at risk for a variety of reasons – illness, physical injury or an accident.
A distinction is made between two types of policy
Individual loss of licence insurance
Here, the insured person can choose the amount of benefits and the desired scope of cover himself.
Mandatory loss of licence insurance
The employer or an institution such as an airline, professional aviation association, flight school or air traffic control association apply for the insurance contract and insure their employees with it. As a rule, the premium is also paid by the respective employer or institution.
The loss of licence insurance we offer cannot be compared to the occupational disability pension offered in some countries.
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Fitness to fly can be at risk for a variety of reasons – illness, physical injury or an accident.
The insurer provides benefits if flying personnel or other personnel working in the aviation industry (e.g. air traffic controllers, radar, meteo, etc.) lose their licence to perform their duties due to the loss of their medical fitness.
We advise and support over 3.000 insured pilots, flight students and air traffic controllers in their insurance matters, on an individual or group contract basis.
Our customers also include aviation companies and aviation professional associations.
The loss of a medical and the associated flight license due to illness, bodily injury or an accident can lead to financial bottlenecks. Our individual Loss of License insurance in the international program can compensate for this loss by providing appropriate benefits in the event of a claim.
The insurance company HDI Global Specialty SE / Germany covers the policies we manage.
