How bad is the responsibility of the General Aviation Manufacturers Hurting insurance product

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Currently, as many General Aviation Manufacturers load, the costs of increased liability from lawsuits. Although a plane crash is pilot error, general lawyers, victims' families are involved and this triggers an action. Cases are expensive, and that means additional resources are needed in the legal department of the aircraft manufacturer, and increases each time the product liability insurance.

If you are in a company like Mooney in Florida look also look at their dilemma, super safety record compared to the "doctor killer" Bonanza V-tail or Piper Malibu, with applications Tork behind the power curve when starting from zero to full throttle. A company like produce 39 000 Cessna C-172S has the advantage of scale but the legal and insurance is still a huge chuck of change and cost of each unit produced a cake that you see?

When I spoke with a commercial air independent insurance agent, which often requires the aviation underwriter for the elements on private planes, he suggested, saying: "Lance, if you think your insurance aircraft is high, test the finished products Liability insurance for builders. "We have spoken and I think it built a $ 50,000 Cessna products liability insurance and $ 25,000 per unit cost of a lawyer, law office, etc.

No wonder China and India think they can build aircraft General Aviation in less than us? It seems to be killing our manufacturing sector and that is not good for states like New Mexico and Colorado, the General Aviation Manufacturing like to see in their states and some of the jobs would be for all future under $ 1 million mini-light Biz Jets . And what about all those jobs in Wichita, KS, too