Considerations

While the FAA establishes operating rules for commercial use of UAVs, the insurance industry is learning how to address coverage issues ranging from invasion of privacy to aerial surveillance issues and data collection. In addition to some of the critical coverages listed below, underwriters want to know:

  • How long has the model been operating?
  • Who is the manufacturer?
  • What are the details of the UAV, including areas of operations and height flown?
  • What is the claims record?
  • How does it land?
  • Will it be flown in populated areas?
  • What is the intended use or application?

Reliability and Safety

Underwriters will be looking for a risk that presents as “good risk.” For example, is the aircraft operation and use safe? Is it at a safe distance from people or property? Does it have safety features for loss of power or loss of communication? Does it operate to and from a safe and secure location? Losses have a higher compounding affect than just insurability. It may result in loss of life, company reputation, uninsured losses, bankruptcy.

Insurance Coverages

  • General Liability
  • Aircraft/Products Liability
  • Property Coverage
  • Hull Coverage
  • Workers’ Compensation
  • Employment Practices Liability
  • Director’s and Officer’s Liability

To find out more, contact Vikki Stone at [818] 449.9401 or vstone@pomsassoc.com

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