New European regulations, artificial intelligence, more advanced drones and the growing number of professional applications are all changing the risk landscape. That is why it is important to review your drone insurance on a regular basis.
Why is good drone insurance important?
A drone can cause significant damage to people, vehicles or buildings. The drone itself can also be damaged.
Depending on how you use your drone, a drone insurance policy may provide cover for:
- Third-Party Liability for damage caused to others
- Damage to the drone itself
- Legal Expenses Insurance
The right level of cover depends on the type of drone you operate and the risks associated with your activities.
What impact do the European drone regulations have?
Since the introduction of the European drone regulations, the rules governing drone operations have changed considerably. Depending on the category in which you operate, specific requirements apply regarding registration, training, operations and liability.
Although these regulations primarily focus on safety, appropriate insurance remains an essential part of responsible drone operations. As a result, a policy taken out several years ago may no longer be fully aligned with current legislation or your professional activities.
What should you look for when comparing drone insurance?
Not all drone insurance policies offer the same level of protection. When comparing policies, pay particular attention to:
- The scope of Third-Party Liability cover
- Cover for damage to the drone
- Policy exclusions
- The activities that are insured
- Territorial cover
- Claims support
While premium is important, the policy conditions ultimately determine the quality of your insurance.
The insurance market is evolving too
As drones become smarter and more versatile, insurance solutions continue to evolve as well. Insurers regularly update their cover and pricing to reflect new technologies, changing regulations and emerging operational risks.
As a result, you may now be able to obtain broader cover on more favourable terms than was available just a few years ago.
Is your drone insurance still up to date?
Whether you are an independent drone operator, use drones within your business or manage an entire drone fleet, reviewing your insurance on a regular basis remains a sensible step.
At Van Dessel, we closely monitor developments in the drone industry, European regulations and the insurance market. This enables us to help professional drone operators assess their risks correctly and obtain insurance that matches their activities.
