![]() If you need to discuss a claim with us please call us on 08. With that range, you can expect to pay annual premiums between 500 to 2,500. The coverage typically ranges from 500,000 up to 25 million. These include BWI Fly insurance, SkyWatch.AI, and. Operators should consider a suitable sum insured that is not purely based on the drone aircraft itself. There are many insurance companies that provide drone insurance coverage. However, the rapidly evolving technology behind drones can mean that the value of the drone, purely as an aviation platform, can be relatively small compared to the value of the onboard payload – cameras, sensors, etc. Drone hull insuranceĭrone hull insurance will provide indemnity if you lose or damage your drone aircraft. Therefore, commercial operators should consider the more significant enterprise risk arising from a drone accident and purchase a higher general third-party liability insurance cover. However, such regulations do not always reflect the potential liability in the event of a serious drone insurance flying loss. Liability insurance limits are largely defined by existing civil aviation regulations, which are often based on the aircraft's weight. Regardless of the regulations regarding drone safety and legal operation, commercial drone operators should also consider third-party liability cover to protect their businesses in the event of a serious loss. ![]() The value of additional payload equipment such as cameras and sensors can significantly increase the financial value of a drone and should be considered when arranging insurance.Īround the world, aviation authorities and insurance companies are gradually establishing standard rules and regulations for drone services, which means that the insurance needs for this sector are still developing. loss or damage to the drone equipment, including base stations.third-party property and personal injury risks.Drone insurance risksĭrone insurance risks can simply be categorised into: Our team can assist commercial drone operators in evaluating their risks and determining the most suitable insurance solutions to their insurance requirements. Insurance companies are developing new solutions to cover the primary risks while grappling with the rapid expansion of this new aviation industry sector, both in terms of technology and in terms of its applications. It is likely that we will see greater public acceptance of drones, further exploration into flights beyond visual line of sight (BVLOS) and the increasing need for professional insurance.Like any technology, drones can carry considerable risks for the operators and the general public. The commercial use of UAS continues to increase and drone manufacturers and start-ups are fighting for market share. Since 2015, Global Aerospace has witnessed the staggering increase in the use of drones. Required Around-the-clock liability protection against ground-based risks when your drone is not in flight. Layer 1 Coverage when not flying Base Coverage For 1 year, billed monthly. ![]() Furthermore, coverage can be obtained to include Invasion of Privacy risks. Our Coverage is made up of two layers that work together to provide comprehensive protection. Global Aerospace provides insurance policies that are specifically designed for UAS and protect the entire system including Payload and Ground Equipment. Our team of underwriters has been trained to understand these differences and to assist in developing the proper drone insurance coverage for your exposures. While the basic risk profile and insurance requirements for UAS are shared with piloted aircraft, there are important differences in the risks associated with developing and operating this new technology. ![]() Additionally, we are pioneering new and innovative ways to ensure that the UAS industry is able to access insurance in efficient and cost effective ways. We are providing industry-leading products and services for all areas of the drone industry including operators, manufacturers and all companies in the risk chain. Home > Unmanned Aircraft Systems Insurance Unmanned Aircraft Systems (UAS) InsuranceĪs aviation regulators around the world actively work to establish guidelines for the safe integration of UAS into our airspace, Global Aerospace is at the forefront of insuring this rapidly expanding industry. ![]()
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