Drone Insurance
Drones are also known as Unmanned Aircraft Systems (UAS) or Unmanned Aerial Vehicle (UAV) and regulations according to Transport Canada specify the following;
A drone (UAS or UAV) can be commercially operated provided it weighs under 25 kilograms, is in the line of sight, is 8 kilometres from an airport, is 15.24 metres away from people, buildings, roads and carries liability insurance. There are specifics based on weight and reportability to Transport Canada and whether you require a Special Flights Operations Certificate (SFOC) or not.
Visit Transport Canada website for further details on those specifics. For insurance we are here to assist you.
| Coverage | Limits of Insurance | Deductible | Typical Premiums |
|---|---|---|---|
| Hull |
|
5% of value for physical damage |
Minimum Premium CDN $500 Typical Premium of CND $1500 (for light commercial use) |
| Liability for Bodily Damage and Property Damage |
|
Key Coverage Component for Drone Insurance
Property Coverage
- Physical damage to scheduled aircraft
- Theft of other perils whilst on ground, in storage or transit
- Damage to ground equipment
- Damage following cyber risk
Endorsements for carried electronics and permanent components payload (i.e. cameras and installed equipment)
Claim examples are loss of control, technical failure, operator error while in flight, total loss following impact with terrain or objects in flight, hacking of UAV resulting in loss or damage to the aircraft or payload
Key Exclusions are owned cargo, wear and tear, employee dishonesty.
Liability Coverage
- Bodily injury and property damage liability
Endorsements for premises liability, personal and advertising injury liability, write-back for war, riots, terrorism, confiscation, sabotage and unlawful seizure.
Claim examples are bodily injury and/or property damage following impact with a person or third party property, premises liability at locations used in connection with scheduled aircraft, bodily injury and/or property damage while UAS is not in flight, medical expenses due to bodily injury(ies), publication of images obtained by UAS that slanders and/or violates personal privacy.
Key Exclusions are noise pollution, electromagnetic field (EMF), sabotage, munitions.
Source: Zurich Canada
Call us to discuss your business and we can determine the best risk management package for you. We will get you the protection you need at a competitive rate. To learn more or get a free quote contact us 905-696-9090 or Toll Free 1-800-900-2009 or better@hubbardinsurance.com. Or if you prefer we contact you, simply complete and return our quick contact insurance form.
Other Insurance Coverages to Consider
COMMERCIAL PROPERTY INSURANCE
Protect your physical assets such as your building, stock, and equipment against loss.
INFORMATION TECHNOLOGY INSURANCE
Coverage for special risks and strict regulations - disclaimers, copyrights, confidentiality, e-commerce financial exposures. We have the safeguard you need.
TRANSPORTATION INSURANCE
Coverage for the transportation of goods, protecting your cargo as well as your vehicles.
Call Toll Free 1-800-900-2009