Genghis,
The facility I am working for charges $140 per hour versus $80 at "the other place". We also have very limited aircraft availability for outside rental. So despite all extra's which are required he will get a cheaper deal at the end.
SoCal App,
Thanks for the advice. I just read through AOPA's "The Comprehensive CFI policy". Which includes:
a) Liability for bodily injury and property damage
b) Physical damage to your non-owned aircraft
I have no health insurance deal with my employer but a "working abroad" insurance from my home country (Sweden). They cover bodily injury up to a certain amount. If I would have an accident and be hospitalised in ER for weeks, it won't cover that much of course. But life is a bit of a gamble itself.
In the eye's of the IRS, would individual CFI work be considered commercial operation and thus I have to declare my income? Or in my case, if I do it free of charge, just private operation? Once again, not trying to bend the rules, just interested to know I don't break any
