Consider the facts: in aviation we teach in a high-risk environment (compared to golf?) and as educators, we often guide high-value clients. When you add the two of these together the result is an incredible amount of, what insurance guys call- “exposure!” Every CFI needs good insurance designed specifically for the flight training environment.
If you teach aviation, you are an obvious target for a lawsuit in the event of a tragedy (whether it is your fault or not). In our last article we discussed how to legally set up your “business” – because you are in “business“as a CFI selling services. One critical first step is acquiring good insurance to protect your assets. When we started SAFE 10 years ago, the #1 request from members was a “comprehensive, affordable policy specifically specifically designed for CFIs” No one in the industry (except SAFE) provides this. It actually took almost three years to get this program fully developed and accepted in all states (and SAFE gets no $$ from this- – it’s a service to our membership.)
It is almost impossible to read, understand and buy a good insurance policy unless your agent is a knowledgeable, willing partner in the process. “Blanket policies” can have huge loopholes for CFIs you may never be aware of unless you have an agent on your side. When an accident occurs, all you want to hear as a CFI is “you’re fully covered.” DPEs especially can pay huge premiums unless they embrace this program (one DPE had a policy over $6K a year…with lower coverage limits)
When we developed the program at SAFE we insisted the CFI be covered in every category and class for which they are rated with an incentive for pursuing excellence and professional standards. If you are a new seaplane or multi-engine pilot, you are covered. You can even add UAS Instruction (try finding that elsewhere…) If you are a Master Instructor or FAA WINGS participant, you get a discount (we incentivize safety!) To me, one of the best features of this program is that the agents who manage this program are active pilots in every category and class, they know your problems and can customize your coverage. You can buy and bind your coverage on line or pick up the phone and call Aviation Insurance Resources today…I guarantee you will sleep better at night. Fly safely (and often)!
Join SAFE to support our safety mission of generating aviation excellence in teaching and flying. Our amazing member benefits pay back your contribution (1/3 off your ForeFlight subscription)! Our FREE SAFE Toolkit App puts required pilot endorsements and experience requirements right on your smartphone and facilitate CFI+DPE teamwork. Our CFI insurance was developed specifically for CFI professionals (and is the best value in the business).