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Re: Professional Liability Insurance for delivery or hiring crews
That's also where a good LLC makes sense. You have to run it properly, handle the finances properly, comply with all the (mostly straightforward) regulations, but it can keep the courts from "piercing the corporate veil" and coming after you personally. Think of it as another level of insurance. Sure, you may lose your business and all of its assets, but it lets you keep your own stuff, like your house. At least on the surface, it seems to make a lot of sense, but if you really want to get good advice, talk to a lawyer about it. Many will give you an short conversation for free or a minimal ($200-$500)charge.
If you are suggesting that you establish an LLC that the owner contracts with and you are an employee of the LLC, it will not have any impact on your personal liability. I know this, as they are used for aircraft all the time. The pilots are not protected. They either need to be named insureds on the LLC policy or carry their own.
In the lawsuit, both the LLC will be named, which is protected to the extent of its assets, as well as the Captain will be named personally for their actions. The LLC only creates a "veil" if you're not there.
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Last edited by Minnewaska; 03-17-2013 at 08:05 AM.