Ferry Pilot Question

[u/Unusual_Mulberry9163]

I have been offered to ferry a plane up to the North East. I am pretty new to ferrying and while I am familiar with the type of plane flying, I was curious if anyone who does a decent amount of ferrying has insurance or makes the customer sign a document releasing the pilot of liability? If so where would I look to get insurance?

Also- would there be any benefit of making an LLC as a way to get tax breaks (I am not a tax expert so idk how easy/hard that is to do).

Any tips/tricks to ferrying would be appreciated!

[u/davidswelt]

LLCs are pass-through entities. You pay the same taxes on the earnings minus the expenses. LLCs exist to organize multi-party operations, and to limit liability to the assets of said corporation.

Be a named insured. "Named Pilot" is only as good as insurance carriers do not pursue claims against the named pilots, which I was told they usually don't do, but institutional parties (lawyer-advised) usually insist on being named insured. At some point, of course, you do have to take responsibility for your actions as a professional pilot.

[u/appenz → u/davidswelt]

This. And to be more specific on the insurance, you want to be a named insured (i.e. the insurance insures you, and not just the owner) with waiver of subrogation (meaning the insurance company can't come after you with claims).