Having proper insurance for your drone operation is very important. Things to know:
· “Whole Coverage” means insuring the drone itself (it crashes and is a total loss) plus general liability (it crashes and damages someone property or hurts someone).
· Insurance coverage should include “Payload Coverage” - coverage for cameras, sensors, etc. that may be attached to the drone.
· It is best to use a Specialist Aviation Insurance Form to provide coverage but endorsements to basic commercial insurance forms are available.
· It makes a difference if your company owns the drone or if it is a non-owned drone (you have contracted with another party who operates the drone on your behalf).
· Be absolutely sure the non-owned drone is properly insured.
· The insurance industry has yet to determine how to classify a drone operator for workers compensation coverage.