Most flight school owners look at their premium and assume they're covered. Beth Clark, Aviation and Business Insurance Specialist at Marsh McLennan Agency, says that assumption can be devastating. In this episode, Beth breaks down exactly how flight school insurance works, what policies you actually need, where the gaps are, and how to make sure you are not holding the bag when a claim hits.Beth has 19 years of insurance experience and has spent the last 8 years specializing in aviation, working with flight schools, FBOs, charter operations, drones, ag spraying, and more. At MMA, the 5th largest insurance agency in North America, she has direct access to 14 aviation-specific markets to find coverage that fits your operation.Topics covered in this episode: types of insurance a flight school needs to operate, how Part 141 vs. Part 61 affects your pricing and your risk profile in the eyes of underwriters, why older aircraft are not necessarily cheaper to insure (parts availability, loss of use exposure), what actually happens when a student damages an aircraft and who pays, the difference between having CFI professional liability on your fleet policy vs. your general liability, when a CFI needs their own individual insurance, how third party rentals affect your coverage and your premium, and why the Cessna 172s in your fleet are not worth $35,000 anymore and your hull values need to reflect that.Connect with Beth Clark:LinkedIn: linkedin.com/in/beth-dunphyRight Rudder Marketing — the only full-service digital marketing agency built exclusively for flight schools.Website: rightruddermarketing.comPhone: 314-804-1200