Do you have a Bullseye on your back??

[Jon Wehrenberg]

We have discussed safety, licenses, and equipment maintenance on this site for a long time.

I just ran across this site, and it makes it real clear that we really do need to be very attentive to safety and being completely legal.

http://www.truck-accident-lawfirm.co...al-Vehicle.asp

Knowing guys like this are out there and that we are a target doesn't give me a warm feeling.

[Orren Zook]

Seems like a prudent time to evaluate our insurance liability and umbrella coverages......

[Joe Cannarozzi]

A glorified ambulance chaser and I use glorified loosely.

[0533]

Owning a Bus in an LLC is not just for tax advantages, it can be useful as a buffer from certain types of liabilities. One can even go to other steps, and add a family trust, and a second LLC as another set of layers.

The so called Montana LLC's can accomplish most of this, and if you make a concerted effort to operate your LLC as a real business it is even better.

There is no way to insure that you will not be sued by one of these creeps, but is does help.

You can go crazy with different layers, even have two LLC's, one that owns the Bus and one that leases the bus to the other. places you and your assets way back in the background. You will of course pay more for filings and have more paper work, but if you are concerned about the legal predators then its a must.

If you go the route of having a Leasing company and a main holding entity, it would be wise to have a real lease agreement to operate the bus, or even a rental agreement. If you are ever in an accident you could state that you are renting the vehicle, and maybe even show a document.

There are of course problems with all of this, insurance etc, but it does provide additional layers.

Most good Law Firms know who to call at the local Police department to get records of traffic accidents.

If this thread makes you concerned, then its a must to evaluate your options.

If your personal assets make you concerned about a possible negative outcome from a traffic accident, then I would contact my lawyer and start the process, it does not need to be expensive and frankly if you have not the whole experience might well improve your overall asset protection plans.

Regards.

[Jon Wehrenberg]

Bruce, as every pilot knows you can have your bus, plane or cars in a corporation or an LLC, and unless you have an unrelated driver behind the wheel or yoke, not only will the bus owner (the LLC) be named in the lawsuit, so will the driver personally.

And even if you are so concerned about liability to hire a professional driver, you may still get named because your personal responsibility was you hired the incompetent driver that was involved in the accident.

The only solution is a mega-buck umbrella policy.

[phorner]

The other side of the coin is that they will surely go after the holder of either the most assets or the largest insurance policy. After all, it's really only about the money and nothing else.

One reason that I only carry the driver's license that is required in Florida, and not a CDL, is that in the event that I ever have to be in front of a jury is that I want them to think of me as one of themselves, not a specialized or professional driver which they might be inclined to hold to a stricter standard.

Just want to be a regular guy just driving my camper.... just like they do