Setting up a new aircraft repair station

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Reference no: EM131485738

You are setting up a new aircraft repair station.

The business, which is organized as a corporation, will provide avionics systems, parts, components, and modification, along with avionics inspection and maintenance services.

The business has leased a hangar from the airport authority where the work will be performed. The hangar includes areas for office space, parts and tool storage, aircraft and avionics maintenance, and a customer lounge.

In addition to yourself as general manager, the company's initial employees will include a secretary/receptionist, a bookkeeper, a stocks and stores clerk, and 5 A&P mechanics (one of whom holds FAA inspection authorization as well as a pilot license and will perform maintenance flight checks on customers' aircraft before approving them for return to service following maintenance).

The business will not own or operate any aircraft, except for the maintenance flight check operations on customer aircraft.

Describe in detail all insurance you will need to purchase for each aspect of this business.

Reference no: EM131485738

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