Why Commercial Drone Insurance? Because of All the Risks

Insurance is a buzzing word these days because almost everything (from our house to vehicles) is insured. Nowadays, drones [also known as Unmanned Aerial Vehicles (UAV’s)] are extensively used by civilians and that’s why you need to add drones to the list of your insured items. If you are running a business and earning a handsome amount using drones, then it would be a prudent decision to get your drones insured. Even if you are not earning money and don’t have any plan to earn in the future, then also it would be an amazing idea to get your drones insured. If any unfortunate accident occurs, you don’t need to pay anything from your pocket. You may consult with Surewise that offers various insurances including cyber insurance and drone insurance to clients. 

It would be beneficial for your business if you insure your drones. Your clients will feel secure and want to continue their businesses with you. In this way, you can retain your clients and may also bring new clients to your business. 

In earlier, drones are used by military people. Now, people are using drones for various commercial and individual purposes. Soon, you may observe drones flying above you. Since the number of drones is increasing day by day, accidents will certainly happen. They may hit in a building, in another drone or worse, in a plane. Even pilots have reported about 25 near misses with drones. If this is the present scenario, then imagine what will happen in the future?

Because of the stealth nature of drones, people will get offended if your drone floats above their house or their office. They can even file a lawsuit for invasion of privacy. That’s why many big societies prevent the use of drones on their premises. Just imagine what will happen in the future?

Types of Drone insurance

• If you are not using drones for commercial purposes, homeowner insurance would be sufficient. But you need to fly the drone over your property or away from public places. 

• But, if you are a commercial user of drones, you need to get your UAVs insured (irrespective of your operations).

Depending on the country and the use, you need to pay the amount of insurance. 

Drone Insurance:

Getting drone insurance is not a simple and facile job. You need to prove that you are passionate about drone use. You also need to prove that you have some kind of experience in drone flying. This can include copies of operating manuals, records of sale and purchase of drones and drone parts and also proof of training. 

Insurance Operations:

Most of the insurance companies insure drones for the following operations only:

· Agriculture

· Archaeology

· Construction

· Emergency response

· Environment evaluation and monitoring

· Knowledge and information gathering

· Law enforcement

· Movies and documentaries

· Security

· Shipping and maritime

· Sites protection and surveillance

· Traffic patrol and assistance

· Transportation maintenance

Type of accidents covered:

Following are the accidents covered currently with various drone insurance

· Loss of drone

· Partial or complete damage of drone

· War

· Hijacking

· Terrorism

· Personal injury

· Fire

Drone insurance can be divided into two parts and they are liability and hull damage. In the liability type, damages are claimed by the third parties, on the other hand, hull damage is the damage related to your own drone. The liability insurance can go up to $1 million, while for hull damage it can go to $1500 per year. The quotation may vary from company to company. 

Surewise is a prodigious company that offers various types of insurances including cyber insurance, commercial business insurance, drone insurance, travel insurance, construction insurance, air insurance, and many more. We compare various insurance policies that help us to arrange the most appropriate insurance policy for you. We also advise the best suggestions for you.  

To know more about us and our policies, please visit our official website.