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What is Drone Insurance?
Drones have become increasingly popular, and not only for commercial use. Drone insurance or Unmanned Ariel Vehicle (UAV) insurance offers comprehensive cover for drone operators.
As with any aerospace operation, insurance is an integral part of risk management. It is there to provide financial compensation when the safety management system has failed to prevent an accident or a loss has been suffered due to an unforeseen event. While the regulatory situation continues to evolve and change, the subject of insurance is increasingly important.
What is covered?
An operator should consider legal liability insurance as a minimum. This covers the cost to property repair or injury to persons. Additional coverage may also include:
Moreover, coverage is available against physical damage to the drone/ UAV system itself. This covers the cost to repair equipment, or cover the total loss of either the platform, payload or ground equipment.
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