"Iain Wilson" wrote in message link.net...
I posted a while back about finding a way around my company's policy of not
allowing employees to fly private aircraft to places of business.
Someone suggested getting my own insurance and having the company named on
the policy. I pursued that and here's what happened:

I checked out AOPAIA and they offer coverage up to $1,000,000 for liability.
Adding my company as named insured cost an extra $50/yr and with $10,000 a/c
damage coverage the total cost per year for renters insurance was $465. Not
bad at all I thought and the cost would be recouped from the reduced flying
cost (Aircraft Rental - Airline Ticket or mileage cost)
The cost breakdown is as follows
Liability - $240
Damage - $175
Additional Insured - $50

Interesting that the $10,000 damage is pretty close to the $1,000,000
liability. I'm sure that the insurance companies have run the numbers here
and worked out that the chances of a pilot getting sued for a mil are about
the same as incurring $10k damage...

So I proposed this to my company but no go. They said they need at least
$3,000,000 liability coverage. sigh
Back to AOPAIA I went but they don't offer coverage over $1,000,000 and
suggested I get blanket coverage from somewhere. So I tried PICLife.
$3,000,000 coverage costs $3,930/yr with a 10 year policy!!!

Over $1,000,000 must be a magic number in the insurance world. Anyway, the
$4,000 breaks the bank for me, back to the drawing board.

Iain

A company I used to work for had a policy of NO private aircraft for
business trips, period.

I flew anyway.

On one trip to Chicago I ran into the company CEO at the job site. He
asked how I traveled to the site and I told him "I flew my airplane".
He was real curious about time savings and costs and stuff like that.
It was just me and him in the room. He never said anything about it
being against company policy.

Then the company CFO walked in and the flying talk immediately ceased.
After awhile the CEO left the room and the CFO ran the same line of
questions at me. When the CEO came back all talk of flying stopped.

I had the distinct impression that neither officer wanted to talk
about it in front of the other and it was kind of a "wink wink" thing
for me to be flying myself around on company business. Plausible
deniability for them I suppose.

Just my experience with the subject.

BillC