Product Liability Insurance for Drone Manufacturers, Distributors & Retailers
Drones are quickly becoming one of the fastest growing sectors of the technology industry. As Drones can be difficult to learn how to fly and command properly, they can also be a challenge for retailers & manufacturers to find product liability coverage for the drones they manufacture, distribute, or service.
As an example of some of the product liability insurance we can provide for Drone Manufacturers, Drone Retailers, Drone Services and Drone Filming Companies, we can insure the following for both operational and commercial Drone uses:
Is Product Liability Insurance for Drone Manufacturers, Services & Distributors is Difficult to Obtain?
Not for us. As you may not know the growth of Drones has created quite stir in the world. Their speedy adoption into the world and apparent misuse has been the cause of them requiring registration as well as their being banned from several locations due to the risk that follows Drone use. As useful as drones have been in the military and the firefighting sectors, in the hands of unskilled pilots, multitudes of people have been injured by them and millions of dollars in property damage have insued from their misuse, which why most insurers shy away from these types of risks.
Drones and Drone Use is Specifically Excluded from your Commercial Business Insurance Policy.
You heard that correctly. In June of 2015 ISO, or the Insurance Services Office penned an endorsement called the Unmanned Aircraft Exclusion which was specifically targeting Drones. The endorsement states that Bodily Injury, Property Damage as well as Personal Injury that arise out of the ownership, use, maintenance, and entrustment to others of Unmanned Aircraft (Drones) are excluded from coverage. It goes on to define Unmanned Aircraft: “Unmanned aircraft” means an aircraft that is not: 1. Designed; 2. Manufactured; or 3. Modified after manufacture; to be controlled directly by a person from within or on the aircraft.
When considering Drone Insurance the Following are Considered Commercial Operations:
The FAA currently authorizes the use of drones for commercial or business purposes on a case-by-case basis. Activities that are defined as commercial use include:
Placing Drone Product Liability Insurance through us offers you benefits such as options for:
Who Should Have Drone Product Liability Insurance?
Anyone that is responsible for the design, manufacture, sale, repair, use or
How is a Drone Liability Insurance Policy Rated?
A Products Liability Insurance Policy is rated on several factors.
How Much Does Drone Product Liability Insurance Cost?
Product liability insurance costs for Drones are much like any other liability
How much Product Liability Insurance do I need for my Drone Operation?
The amount of coverage required can vary, important factors to consider when shopping product liability insurance limits are: How much coverage do my vendors require me to have to stock my product? What do I stand to lose if our Drone manufacturing company is sued? Because Drone injuries and damages can be severe or deadly, you may want to discuss your insurance requirements with vendors or an attorney before making any decisions.
Drone Repair Companies
Drone Replacement Part Manufacturers
Real Estate Agents Using Drones
Drone Replacement Part Retailers
Drone Airfield Operations
Because every Drone Product and Drone Operation is different, underwriting a product liability insurance policy for your Drone Operation is complicated. If you need a quote for Product Liability Insurance Coverage, please complete a Drone Product Liability Insurance Quote Request . Castle Rock Capacity Insurance Agency currently offers Products Liability Insurance Policy Coverage for Drones in New York, NY, New Jersey, NJ California, CA, Massachusetts, MA Connecticut, CT and Pennsylvania, PA, Florida, FL, and Texas, TX.
Drone Product Liability Insurance
Unmanned Aircraft Products Liability Insurance
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