4.8 • 730 Ratings
🗓️ 27 April 2018
⏱️ 33 minutes
🧾️ Download transcript
Your Cirrus Specialist. Call me if you're thinking of buying a new Cirrus SR20 or SR22. Call 1-650-967-2500 for Cirrus purchase and training assistance.
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John Ferrell talks about what he does to reduce his potential liability as a flight instructor and help to protect his assets. He talks about LLCs, CFI insurance, and umbrella insurance and about selecting clients. He points out the life is inherently risky and that each person will have a different answer as to whether its worth it to him or her to become a CFI.
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Mentioned in the Show John Ferrell's web site
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0:00.0 | I think the big question is, is it worth it to you to be a CFI? |
0:07.6 | And that answer is different for everybody. |
0:10.5 | It's, do you love to fly? |
0:12.4 | Do you love to teach? |
0:14.0 | And what risks do you anticipate? |
0:16.7 | How big are the risks? |
0:18.4 | Are the risks manageable? |
0:22.3 | Welcome to Aviation News Talk, where we talk about what else, general aviation, but also |
0:26.4 | about the great people in our industry. I'm Max Truscott. If you're new to the show, |
0:30.3 | we have a weekly show that shares pilot safety tips and general aviation news from around the |
0:34.5 | world, but we also interview movers and shakers here in our aviation |
0:37.7 | industry for our newsmakers editions, and that's what we're doing today. While there's been |
0:41.9 | much discussion in our industry of a CFI shortage, there's a huge supply of potential CFIs, and that's |
0:47.9 | in the ranks of airline pilots. Yet, many of these airline pilots are reluctant to take up flight |
0:52.7 | instruction as a side career because of concerns over their exposure to increased liability that might possibly put their own personal assets at risk. |
1:01.0 | In a moment, I'll be sitting down with John Farrell. |
1:03.5 | He's a lawyer, but also a flight instructor. |
1:05.8 | And we're going to talk candidly about the risk of CFI faces in ways to reduce that potential liability here on this |
1:11.2 | newsmaker's edition. |
1:12.5 | But first, I'd like to thank listener Greg, an airline pilot who's thinking of becoming a CFI, |
1:17.1 | for sending in this question. |
1:18.3 | We answer lots of questions on our regular show, and it's easy to submit a question if you |
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