basc membership now accepted as safety management best-practice
March 22, 2019
USAIG, a leading international aviation insurance underwriter, now adds more value to its coverages with Performance Vector (PV) PLUS. Since its inception in 2013, PV PLUS has incentivized safety best-practices among USAIG’s business aviation policyholders with this good experience return (GER) program. This individual GER program returns 5 percent of premium to business aviation operators for each of three best-practice safety and loss control criteria they employ—allowing operators that employ all three to recoup a combined 15% of their premium after a no-loss year.
One PV PLUS criteria focuses on having standardized procedures and integrating safety management principles, demonstrated to this point by being IS-BAO-registered. USAIG now views fulfilling all requirements of BASC full-service membership as demonstrating, in similar fashion, that the flight organization has integrated and is employing standardization and safety management principles at a high level. Accordingly, business aviation policyholders can now qualify for a 5 percent PV PLUS good experience return by being IS-BAO registered or meeting the requirements of a BASC full-service member organization.
“The PV PLUS component to “Achieve or maintain IS-BAO Registry” was established because the process of meeting the IS-BAO standard and passing external IS-BAO audits strengthens the standardization and safety practices of a flight operation and serves to validate the presence and effectiveness of managerial safety functions,” explains Paul Ratté, USAIG director of aviation safety programs. “IS-BAO registration continues to function in that way as a hallmark of organizational commitment to safety principles. Over the last few years, BASC has grown steadily and established itself as an effective alternative resource that spurs and helps business aviation organizations to optimize the effectiveness of their safety management and standardization practices.”
BASC Founder and President Rick Malczynski noted that full service BASC membership is a “sensible solution, conceptualized directly through input from operators.” Member organizations participate in a progressive and continuing external and internal audit program, quarterly continuing education sessions presented by industry experts, nationwide safety roundtables that are webcasted and archived, and a data sharing program that focuses on the questions and areas most commonly queried by operators. Malczynski added, “every BASC Standardization Board member is a current operator who advocates for, and answers to, all members regarding timely and important issues within the industry. There are no vendors or non-operational dignitaries. Our vision is unique in its advocacy for total collusion. BASC and the entire membership form a partnership to ensure and maintain the highest levels of safety, excellence, and continuous improvement.”
Through Performance Vector PLUS, USAIG insured business aviation operators qualify for a 5 percent premium return when they maintain favorable loss experience and meet any of these safety standards:
– Achieve IS-BAO registry OR meet the requirements of a BASC
full-service member organization (5 percent premium return)
– Twice-yearly pilot simulation-based training in make and model flown (5 percent premium return)
– Fleet use of approved FOQA/FDM program (5 percent premium return)
Qualified business aviation operators who meet all three criteria can earn a total GER of 15 percent and an expanded package of Performance Vector safety programs.
“USAIG continually evaluates its PV PLUS criteria and considers the views and experience of its policyholder organizations as important indicators,” said USAIG President and CEO John Brogan. He continued, “BASC’s collaborative structure, coupled with the strong support it has earned from participating business flight organizations, indicates it is finding a strong cultural fit with many flight departments to inspire and activate positive safety impacts. That makes BASC membership a worthy loss-control measure for us to incentivize.”