Ready to protect your business? A Drone insurance policy is designed to protect you and your business from third-party claims arising from the use of your drone.
Most drone insurance policies are written by aviation insurance specialty companies. These companies have a long history and advanced understanding of insuring objects that fly and the risks associated with powered, flying vehicles.
Drone Insurance cost depends on the amount of liability or hull coverage. Drone insurance policies offered by BWI, are designed for commercial drone use and offer liability protection for businesses and individuals.
The standard coverage on every drone insurance policy is liability coverage. The amount of liability coverage typically starts at $1,000,000 and can increase up to $25,000,000 depending on the risk and job site requirements.
Question: What does drone insurance cost?
Answer: Drone insurance typically costs between $475-$550 for an annual insurance policy with $1,000,000 in liability coverage.
Question: What does drone hull insurance cost?
Answer: Drone hull insurance typically costs 8-12% of the hull value. Example: If you wanted $10,000 in hull coverage for your drone or it’s payload, it would cost and extra $800-$1,200 per year. Drone hull insurance is only offered as an add on coverage to a standard Drone Liability Insurance Policy.
Question: What is advertising liability coverage?
Answer: Advertising liability coverage is included on most Commercial Drone Insurance policies and protects the policyholder against claims of stolen ideas, invasion of privacy, libel, slander and copyright infringement related to advertising.
Summary:
A commercial drone insurance policy from BWI, written through an aviation insurance company is a solid way to protect your drone business. Having a full annual insurance policy not only saves you money, but also gives you a leg up on your competitors when bidding for jobs. Most employers will require a substantial insurance policy and having a full annual policy shows that you are serious and well prepared.
Get a quote:
Get a full commercial drone insurance quote from BWI today. Our professional agents are licensed, well-trained and highly experienced in managing the risk of drone businesses. Call us at 800.296.8595 or submit a quote request online here.
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