Originally Posted by
Led Zep
Umbrella policies are good to have because they provide a high degree of coverage and the insurance company (in most cases) will provide free legal coverage if needed.
Thanks for bring up this point, it's well worth considering:
What do you think Lloyds of London or any other underwriter would charge for an umbrella policy covering a professional pilots liability risk? Add that to your adequate pilot compensation figure, or you are assuming liability for free.
Very glad you brought this up Led Zep.