Questions about insurance for a newly qualified FI(R)
Hello there
I'm looking for some thoughts on insurance cover for a newly qualified FI(R). I understand that Besso (direct or via AOPA) offer "INSTRUCTORS LIABILITY INSURANCE" either sold directly or via your employer.
Is this insurance mandatory or optional?
How does it sit with employers liability insurance if as an FI you are an employee?
Are there any similar products on the market?
Does anyone have any claims experience with this insurance they would be prepared to share?
Also, as a trade union, BALPA offer insurance and legal cover to commercial pilots. How does this fit with Instructors Liability insurance? Is there crossover?
Finally, I'm aware of the BALPA-negotiated £850 tax allowance for uniformed commercial pilots and the 2/3 allowance for BALPA membership. Are FIs allowed to claim tax deductions for Instructors Liability Insurance and/or the cost of licence and medical renewals in addition?
Sorry about length of post, appreciate any thoughts.
Thanks