Mr Yeti
What it won't cover is the injury, hospitalisation etc of the pilot
- and any damage to the aircraft and/or any consequential loss suffered by a passenger or third party.
Yes, in my mind there is some confusion.
I always believed when flying in a club/school environment, as a club member, the insurance provided by the club/school was the equivalent of a 'fully comprehensive' car insurance policy.
When you took passengers (non-club members) flying they became temporary members (signed a 'blood chit') which effectively gave them the benefits of the insurance cover provided for the member pilot.
It seems the insurance which is actually available is 'third party only' - with the passenger not being a club/school member and treated as if they were a member of the public under a company's Public Liability Insurance.
The hapless pilot does not seem to be covered at all? Not being a 'third party' and not having cover as a consequence of any vicarious liability of the club - I wonder where instructors fit into this, particularly if they're 'self-employed'?
So, the wording of the Pilot Flying Order Book does seem to reflect this state of affairs where the pilot is liable for any loss suffered as a consequence of him hiring and operating the aircraft whether or not it could be deemed to be 'pilot error' in the event of an incident or accident -
liable in any event irrespective of whether it was caused by the negligence of the pilot.