The rules and regulations about UAS (drone) operations are still in a state of flux. Every day, professional drone operators eagerly await news of loosening restrictions and of course, easing the line of sight regulation. As drones become more and more part of our airspace and commercial and recreational use continues to grow, so too will the need for operators to protect themselves with insurance.
First off, if you are using a drone for fun, just for personal enjoyment, insurance is typically not required. Now, there may be insurance requirements for recreational drones from HOAs or specific municipalities; but right now, no state or federal requirements exist for drone insurance.
When insurance is typically required is when an operator is using a drone for commercial purposes – that is with the intent to make money. By the way, your drone business does not have to be profitable to be designated a commercial operation; it just has to be a business that receives compensation for work done. And compensation can come in many forms and not just money. Compensation can include receiving anything of value including bartering and trading services. When an operation is commercial in nature, operators are generally required to obtain insurance specific for each “job.” As you might imagine, the company hiring an operator to take pictures of a house will require the contractor to secure coverage for protection in the event of a claim. Just think about the insurance requirements for an operator inspection an offshore oil rig…we hear it’s $50 million!
When it comes to insuring your commercial drone, you can get a quick price quote and even bind your policy online 24 hours a day through AOPA Insurance.
You may not think of AOPA Insurance first when it comes to insuring a drone. However, because a UAS policy so closely mimics a manned aircraft policy, you want to work with an insurer with aviation experience, a company that understands FAA regulations and knows the U.S. airspace. Without that knowledge, you can’t be sure what you’re getting.
At AOPA, we already have experience in insuring everything from small drones used for photography right up to large, fully autonomous drones with every bell and whistle worth more than the average home.
AOPA Insurance can also find you a policy where you can insure your drone’s payload in addition to the actual drone. And more good news our insurance carriers have already written new policy language so they are prepared for the future…so yes, when the line of sight restriction is waived, we are ready!
For more information on AOPA drone insurance or to request a price quote, please visit https://insurance.aopa.org/landing-pages/aopa-drone-insurance