This is insurance effected by an aircraft owner or operator against loss or damage to the aircraft itself, third party liability, legal liability to passengers and passenger/crew baggage and personal effects.
This provides cover for the aircraft against accidental loss or damage whilst:
On the ground or in water.
Third Party Liability
This covers the insured for all sums legally due to third parties resulting from accidental injury to or death of persons or damage to property on ground and outside the aircraft provided such an incident is caused directly by aircraft or objects falling therefrom.
Legal Liability to Passengers
This indemnifies the insured against all sums for which he is legally liable to pay in respect of accidental bodily injury to or death of passengers while entering into, being carried in or alighting from the aircraft or in the course of carriage by the operator.