AME Insurance

[Bug_Stomper_01]

What’s everyone doing as contractors and or third party AMO’s in Canada for insurance these days?

[SeptRepair]

Nothing. The cost is unreasonable last time I checked for a solo operator. I perform all work through a personal service corp. Company holds all liability as I am just an employee of said company. Never work for cash or trade. I keep myself arms length away from my own company. The company holds no assets. It leases all tooling and buildings from another holding corp. When working for third party AMOs, my stipulation is that me and my company are added as "additionally insured" with an "errors and omissions" clause attached to it. It has never come up of having my own insurance when contracting to an AMO. If it did, then my rate would reflect the premium I am forced to pay. Last time I checked, insurance was about 8k a year. Fortunately in 35 yrs, I have never had an instance where I needed to be protected.

[Bug_Stomper_01]

Nothing. The cost is unreasonable last time I checked for a solo operator. I perform all work through a personal service corp. Company holds all liability as I am just an employee of said company. Never work for cash or trade. I keep myself arms length away from my own company. The company holds no assets. It leases all tooling and buildings from another holding corp. When working for third party AMOs, my stipulation is that me and my company are added as "additionally insured" with an "errors and omissions" clause attached to it. It has never come up of having my own insurance when contracting to an AMO. If it did, then my rate would reflect the premium I am forced to pay. Last time I checked, insurance was about 8k a year. Fortunately in 35 yrs, I have never had an instance where I needed to be protected.

About the response I expected. Once aca’d through a separate amo you are covered under their insurance and the AE is ultimately responsible for staff.

[PitchLink]

Nothing. The cost is unreasonable last time I checked for a solo operator. I perform all work through a personal service corp. Company holds all liability as I am just an employee of said company. Never work for cash or trade. I keep myself arms length away from my own company. The company holds no assets. It leases all tooling and buildings from another holding corp. When working for third party AMOs, my stipulation is that me and my company are added as "additionally insured" with an "errors and omissions" clause attached to it. It has never come up of having my own insurance when contracting to an AMO. If it did, then my rate would reflect the premium I am forced to pay. Last time I checked, insurance was about 8k a year. Fortunately in 35 yrs, I have never had an instance where I needed to be protected.

How do you sign outside of an amo for annuals etc on private stuff? I’ve never done it just curious how to go about doing that

[Bug_Stomper_01]

Nothing. The cost is unreasonable last time I checked for a solo operator. I perform all work through a personal service corp. Company holds all liability as I am just an employee of said company. Never work for cash or trade. I keep myself arms length away from my own company. The company holds no assets. It leases all tooling and buildings from another holding corp. When working for third party AMOs, my stipulation is that me and my company are added as "additionally insured" with an "errors and omissions" clause attached to it. It has never come up of having my own insurance when contracting to an AMO. If it did, then my rate would reflect the premium I am forced to pay. Last time I checked, insurance was about 8k a year. Fortunately in 35 yrs, I have never had an instance where I needed to be protected.

How do you sign outside of an amo for annuals etc on private stuff? I’ve never done it just curious how to go about doing that

The logbook is the work order. Pretty rudimentary

[PitchLink]

Nothing. The cost is unreasonable last time I checked for a solo operator. I perform all work through a personal service corp. Company holds all liability as I am just an employee of said company. Never work for cash or trade. I keep myself arms length away from my own company. The company holds no assets. It leases all tooling and buildings from another holding corp. When working for third party AMOs, my stipulation is that me and my company are added as "additionally insured" with an "errors and omissions" clause attached to it. It has never come up of having my own insurance when contracting to an AMO. If it did, then my rate would reflect the premium I am forced to pay. Last time I checked, insurance was about 8k a year. Fortunately in 35 yrs, I have never had an instance where I needed to be protected.

How do you sign outside of an amo for annuals etc on private stuff? I’ve never done it just curious how to go about doing that

The logbook is the work order. Pretty rudimentary

Yep just looked into it. I’ll pass, not worth the liability, what are 604 ames charging to sign for this stuff? I think I saw someone said $125/hour on here somewhere

[Bug_Stomper_01]

How do you sign outside of an amo for annuals etc on private stuff? I’ve never done it just curious how to go about doing that

The logbook is the work order. Pretty rudimentary

Yep just looked into it. I’ll pass, not worth the liability, what are 604 ames charging to sign for this stuff? I think I saw someone said $125/hour on here somewhere

Bout ballpark. Signing 604 stuff on your license is pretty risky incorporation or not, your license holds the liability and YOU are the AE for yourself.