You are setting up a corporate flight department for an oil exploration company that will be operating its business jets globally to transport executives, employees, guests, and customers at the company's expense in support of its work. The company is purchasing 3 new business jets, using secured financing from Global Bank Corp. The company's initial areas of operation will focus on North Africa, the Middle East, and Indonesia.

Describe in detail the aircraft insurance you will purchase for the operation, explaining your reasoning clearly.