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How do you set up ownership of the assets of the club and not have those
assets tied to the club in some way? Fred "HoUdino" wrote in message ... At an SSA FIRC I believe it was said by a presenter that no lawsuit had every arisen against a CFI-G from an accident. Doesn't mean that it will not but only that it never has. You might verify the above statement with the SSF. At the FIRC proper documentation of training was emphsized. The AOPA articles that the original poster mentioned were very interesting as they seemed to support strongly the value of having persons sign a liability wavior and avoid the unlikely possibility of being classified as a "common carrier". Make sure your club's corporate status is maintained with your state and minimal assets are retained in it. The real open issue is the cost of defense against frivilous lawsuits, while it is possible your homeowners policy might step in so far as providing defense, I would not count on it. So really it is a "layered defense", beginning with good documentation of training (drop any CFIG that refuses), 100% coverage with liability waviors, some liability insurance on the aircraft, and an in force corporate charter containing minimal assets. I am not a lawyer, the above is not legal advice but merely a layman's exploration of the issues. And with the above noted, I'm still working to get my CFIG. HU |
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