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So many trades are using drones as a tool for commercial growth and service. Drones are often referred to as Unmanned Aerial Vehicles (UAV's), as well as Remotely Piloted Aerial Systems. These unmanned aircraft are used for military defense, firefighting, picture and image taking, surveillance, communication, agriculture, and delivery of food, medicine and other purposes. As of recent years, the commercial interest in drone use is rising.
Although there are so many benefits drones can provide to the business and nonprofit communities, the risks are undeniably there. The insurance industry has mapped out coverage for the main exposures that include:
• physical damage
• general liability
• aviation commercial general liability
• non-owned aviation liability
Some of the leading risks involved in drone usage involve the following:
• A drone crash or collision with a human-operated aircraft in mid-air
• Damage that result from a collision with foreign objects, like flying birds, trees, utility poles, higher buildings
• When a drone loses control as a result of system malfunction, flying out of the signal range, or flying in a location without communication
• Malicious acts that target critical infrastructure and cause related losses and damages
• Cyberattacks, including spoofing or hacking utilized radio signals so that drone comes down or is in control of the hacker or for the purpose of stealing data
• Battery power disruption
• Privacy, trespass and nuisance infringement as laid down by the Federal Aviation Administration on behalf of the public
• When piloting and operating skills are not up to safety and efficiency par
Protective drone insurance coverage is now available for the following industries that are listed below:
• Agriculture, Farming
• Construction, Renovations
• General Contractors
• Hospitality (hotels, motels, inns, etc)
• Private Investigators
• Home Inspectors
• Manufacturers of Drones and Associated Products
• Photographers
• Real Estate
• Schools and Colleges
• Parties and Special Events
• Drone Educators and Training Providers, Flight Schools, Universities, Colleges
• Drone Suppliers and Distributors
• Drone Repair and Service Centers
Insurance assessment is generally based upon a number of variables, such as:
• Drone value, as well as its accompanying equipment
• Distance and flight capabilities
• Drone flying airspace
• Storage site
• Type of cargo
• Drone features
• Specified design of operations
For more on commercial drone insurance, contact an experienced independent agent. Through his or her wide network of underwriters, he or she will be able to pinpoint individual exposure and customize a comprehensive business plan that will shield you and your company from related perils and hazards – at competitively lowest rates.
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Source by M Wyzanski
