Airport Insurance Coverage and Risk Management Practices (2011) / Chapter Skim
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Pages 12-14
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From page 12... ...
Smaller airport operators tend to competitively procure broker services contracts less frequently than large or medium airport operators. A strong majority of large and medium airport operator respondents competitively procure broker services contracts every 3 to 5 years, whereas all small airport operator respondents competitively procure their broker services no more frequently than every 5 years.
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From page 13... ...
How Often Do Airport Operators Shop Coverage? A variety of factors determine how often an airport operator obtains competitive insurance quotations or "shops" the various lines of coverage.
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From page 14... ...
Large airport operators, on the other hand, do not consider price a determining factor in purchasing decisions. Large airport operators give factors such as coverage and exposure far more weight in the deliberations process.
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