Describe the transaction
Explain whether the proposal involves assets, shares or another structure and identify the legal parties before and after closing. Ask what the actual policies require. A familiar trading name or continued pilot roster does not establish that insurance transfers unchanged.
Map aircraft and operating records
List drones, payloads, values, operators and pilots. Coordinate registration and other operating records through the appropriate process. Transferring equipment or keeping the same pilot does not by itself complete the insurer’s review.
Separate old and new work
Identify unfinished jobs, earlier reports and known incidents. Explain who will finish a seller’s project and who may rely on the output. Ask how each policy’s dates and reporting conditions apply rather than treating every obligation as new work.
Coordinate closing and evidence
Update client contracts and requested insurance evidence with the correct entities. Confirm the timing of accepted changes before relying on them. Review continuity and cancellation with the insurance contacts; a new certificate alone does not settle the full ownership change.
Bring the transition to BWI
Provide the proposed structure, dates, asset list, pilots, contracts, current policies and claims information. Keep outstanding requirements in a closing checklist. Ask which terms and confirmations are needed for each stage.
Keep a clear project record
For example, the buyer may receive drones at closing while the seller still owes a report. Record both responsibilities and their dates. Ask which party and policy should be reviewed for each, instead of using the equipment handoff as the only milestone.
Discuss your drone operation with BWI and confirm the actual offered terms before relying on them.
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