Some great advice - thank you.
I think we do run well as a group, and we have a number of check/balances such as all the relevant dates for insurance, annual etc set in the booking system and on the accounts spreadsheet distributed monthly. We've never missed a thing that would make the syndicate (or operator) liable for an accident.
We do a lot of things as a group which, if you were hiring, would be the responsibility of the pilot in command to check.
Which is exactly my point - if I do everything I can as a responsible owner and syndicate member, but am let down by a third party, be it maintenance organisation, a pilot flying irresponsibly or just plain accident, it seems unfair that I risk losing my house.
So the odds of this scenario may be many millions to 1, but I have to accept that if it does occur I may be responsible, even though I did everything right and wasn't in the aircraft and able to influence the events immediately leading up to the incident. Doesn't really seem fair, does it?
R5.