pilot liability insurance (for low time PICs)

[Reely340]

Is there a "pilot attached" liability insurance in EASA land? The B206 at my local school waits for me to get me a turbine TR (as does the AS350).
But its insurance policy mandates a minimum of 300 hours PIC on type before covering risks of solo pilots.

My idea was to get me an insurance (pay per hour) for "whatever aircraft I fly",
that steps in should the liability insurance of the a/c (rightfully) reject claims due my low time on type.

Would that work? (or has the insurance be aircarft associated)
Anyone got an idea if such contract exists and what the rate might be?

[GoodGrief]

The problem lies with the school, not with the insurance.
The insurance can reduce the limit from 300 hours down to 1 hour, but the premium will be an exorbitant amount your school is not willing to pay.


You couldn't afford an extra insurance even if it existed.

[Reely340]

The problem lies with the school, not with the insurance.
The insurance can reduce the limit from 300 hours down to 1 hour, but the premium will be an exorbitant amount your school is not willing to pay.


You couldn't afford an extra insurance even if it existed.:(


Might an isurance up the rate depending upon who is PIC? ;)

Standard rate for +300h PICs, slightly higher for +200h PICs noticeably higher for super low timers.
That way the school could add the rate surcharge to my rental rate.
But of course, if that would have the rate sky rocket from 900€ to
twice or more, renting a turbine would be an exceptionally expensive pastime.

[Ascend Charlie]

How would you divide up the extra $10,000 premium for a year, into your rental rate? Expect to fly 1,000 hrs per year, so it's $10 per hour? Or for 4 flights a year you pay $2,500 extra per flight? Way too hard to contemplate.

[Bell_ringer]

Provided the school is open to it, you could negotiate with the insurer to be added as a named pilot on the policy, over here they will generally stipulate a safety pilot for the first 25 hours.
The issue isn't that they will necessarily charge you more for the premium, they may just load the deductible for the first 100 hours or so which would require you to put a buy-down policy in place.
Ultimately it comes down to what the school is comfortable with.

[parabellum]

Anyone got an idea if such contract exists and what the rate might be?


Through Lloyds of London just about anything is insurable and some syndicates specialise in 'Special Risks', i.e. one offs etc. You would need to find yourself a Lloyds broker who can conduct business in Lloyds. You are probably looking at something like the difference between 300hrs and zero hrs additional premium, charged pro-rata for each of your flying hours, reducing as your experience increases. The current insurers could well be the ones to approach about this, with the schools agreement.

[Hughes500]

What a load of rollocks.
I insure my Hughes 500's for anyone to fly as long as they have a rating. this is around £ 13500 a year on a hull value of £450k with betterment bought out and xs down to £1000 and for just me a TRE with 7500 hours is about £ £9500 so a difference of about £ 4000. You are telling me a school can't afford this ???????:ugh::ugh::ugh::ugh:

[Reely340]

What a load of rollocks.
I insure my Hughes 500's for anyone to fly as long as they have a rating. this is around £ 13500 a year on a hull value of £450k with betterment bought out and xs down to £1000 and for just me a TRE with 7500 hours is about £ £9500 so a difference of about £ 4000. You are telling me a school can't afford this ???????:ugh::ugh::ugh::ugh:Interesting! Deducting from your currency you are british e.g. under EASA regulations.
Personally I think said 206 doesn't get much airtime, hence the insurance rate would have to be spread over few hours.
One of those hen and egg problems I guess: at the current rate of 900€/h annual revenue would turn negative if newbies like me would fly it and the school would cover the raised rate.
But I'm talking about things I don't know for sure, maybe our CEO just doesn't want to sue his underfundend newbie clientele after finding some tell tale spots on the MGB turn black or something.. ;)

[John R81]

My insurance is similar price to Hughes for an EC120. Yet there are two problems


First, the excess fee for a low-hrs pilot is £75k. Hence the school needs to be confident that you have the assets - an will pay if needed - the excess should you bend the aircraft.


Best idea is talk to one of the insurance brokers to see what cover you can get for yourself. Then you can see if the school will hire you based on your insurance, not theirs.


Secondly, the consequence of a sizeable claim on the insurance cost of the school may be prohibitive; they might think it could be enough to actually put them out of business (depends on the claims history of the school).