LSA instructor?

"John T" wrote in message
...
One of the big reasons certified aircraft are so
expensive is liability. I read somewhere (don't
know if true) that of the new cessna's sold
today, $100,000 goes for liability insurance...


I would think that to be way off. That would result in an
enormous pot of money collected on their annual unit sales.
The money is paid over to ultimately Lloyd's of London, and
that kind of an expense doesn't fit into their detailed
financial statements in Cessna's SEC filings. Nor is there
any such hint of that big a liability problem in the
necessary narrative in the SEC filings about legal matters.

Fred F.

"TaxSrv" wrote in message
news
"John T" wrote in message
...
One of the big reasons certified aircraft are so
expensive is liability. I read somewhere (don't
know if true) that of the new cessna's sold
today, $100,000 goes for liability insurance...


I would think that to be way off. That would result in an
enormous pot of money collected on their annual unit sales.
The money is paid over to ultimately Lloyd's of London, and
that kind of an expense doesn't fit into their detailed
financial statements in Cessna's SEC filings. Nor is there
any such hint of that big a liability problem in the
necessary narrative in the SEC filings about legal matters.

Fred F.

Cessna self insures.

Dave Stadt wrote:




Cessna self insures.

With the extra $100K per plane.