Aircraft Parts Manufacturing - General liability insurance protects your business during the normal course of business: everything from a customer tripping and someone in your home being injured due to a claim related to your advertising is covered under your general insurance policy. But there are some unique businesses that face greater risks than their liability insurance, and if you manufacture aircraft parts, your business is one of them.
Add a finished product cover card. While certain parts of coverage are included under commercial liability coverage, double-check your plan and consider adding coverage here. If your product (and if you installed parts manufactured by you, your service) causes a mechanical failure or claim, you may still be liable. This insurance protects you for the life of the manufactured product, even after the product has been manufactured and shipped, or if the part has been used long after your transaction has been completed.
Aircraft Parts Manufacturing
Make sure your liability limit meets the prescribed standards for all the coverages specified in your insurance plan. Whether you manufacture and ship parts in different states or even in a facility organized in different countries, your insurance coverage can change depending on your customer. Companies themselves may also require higher limits and call them third party insurance, so always check your policy to make sure your coverage meets these minimums.
A Bombardier Employee Installs Parts On A Global 6000 Aircraft At The Manufacturing Facilities In Toronto May 29, 2012. Bombardier Is Celebrating 20 Years Of Manufacturing, Research, Development And Investment In Ontario
If you have questions about your finished product claims or want to find better coverage for your business, contact Evolution Insurance Brokers here. Our experts will work with you to create the right insurance policy that takes into account your business strategy and your customers.
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Quality Components In Aerospace Parts Manufacturing
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A team of researchers from RMIT University in Melbourne, Australia, led by Professor Milan Brandt, is using laser engraving technology to build and repair safety aircraft parts in a two-year collaboration with RUAG Australia and the Innovative Manufacturing Cooperative Research Center (IMCRC).
The technology exposes metal powder to laser light, which, when scanned, adds new material exactly like a mesh to the surface. The mechanical properties of the resulting metallurgical alloy are similar to, or in some cases better than, those of the parent material.
"It advocates a very high-tech welding process, where we make or rebuild metal parts layer by layer," explains Brandt, who says that the idea that emerged in his hope for success is very good.
Latest Materials Used For Aircraft Manufacturing
Neil Matthews, research and technology director at RUAG Australia, says the technology could transform the concept of warehousing and delivery into warehousing and other industries by making it easier to repair and manufacture parts. Currently, spare parts must be shipped to suppliers from a local warehouse or from overseas.
"Instead of waiting for equipment to arrive from a warehouse, effective solutions are now available locally," says Matthews. "For the Defense Forces, this means less time for repairs and a dramatic increase in aircraft availability and readiness."
This technology affects both existing aircraft and the new F35. This technology was recently introduced at RUAG's laser additive manufacturing facility.
Switching to on-site printed equipment can mean significant savings in tracking and spare parts purchases, metal handling, warehousing and shipping costs.
Partnership To Qualify Metal 3d Printer For Production Of Aircraft Components
According to an independent review commissioned by BAE Systems, the cost of replacing damaged aircraft exceeds $230 million a year for the Australian Air Force.
IMCRC President and CEO David Chuter believes the application of this technology is about more than just security.
"The value of this project to Australian industry is significant. While the current work is focused on military aircraft, it can be transferred to civil aviation, maritime, rail, mining, oil and gas," Chuter says.
"Obviously, it can be applied to any industry where metal corrosion or parts recycling is an issue."
What Is The Role For Additive Manufacturing In Aircraft Structural Components?
The research project is the latest collaboration between RUAG Australia and Brandt, director of RMIT's Center for Additive Manufacturing and a leading expert in the field, in the past decade.
"As Australia's research leader in this technology, we are confident we can deliver a cost-effective solution that meets the real-world needs of security and other industries," says Brandt.
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Aircraft Parts Fabrication
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