For the record, virtually all "umbrella" policies will not cover work-related accidents. I looked into this with State Farm and it would not cover any incidents while doing my job as an airline pilot.

As stated above, should you be unfortunate enough to be involved in an accident (or incident) while flying your airliner, an LLC will most likely NOT protect any of your assets from good attorneys. If it can be demonstrated that the LLC was set up solely (or primarily) just to attempt to legally shield assets and not in conjuction with a viable business for tax purposes, it will be picked apart. This actually might cost even MORE in legal fees.

Sorry, but as it stands now, most of us are screwed (even those that think they aren't). In the future, it might be best for all airline pilots to 25 year old kids, living at home with mom and dad and having no assets other then a corvette they're making payments on.

Those of us with homes, retirement accounts and families have picked a risky career in these greedy litigeous times. You'll have to treat EVERY flight like everything you've worked for is one the line.....................................because IT IS !