I fly Captain on the same aircraft as Easyjet has in it's fleet.
Amongst the required paperwork for my US Carrier to fly to it's various countries near the 'colonies' is an official legal document.
That document legally claims my carrier has insured the aircraft, it's passengers, crew and other damages for greater than $200 Million US Dollars.
Now the US Dollar jokes aside
If I ever found myself flying in the South American mountains with one person (the Captain) in the end responsible for the flight, and the wages for the piloting service was $45K BP per year, I'd quit the next day and never step foot in an airliner than pays it's pilots that amount ever again.