Drone Insurance

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Drone Insurance

Drones are expensive pieces of equipment, with a price tag that could run into hundreds and thousands of rand.

Make sure your eye in the sky is covered!

 

Drones are expensive pieces of equipment, with a price tag that could run into hundreds and thousands of rand. The risks associated with owning and operating drones as part of your business are significant – but not unmanageable.

 

Securitas offers unique, comprehensive drone insurance designed specifically to cover drones in business and commercial use. Our drone insurance covers loss, damage, and liability related to the drone itself, as well as premises, hangar keepers, and product liability. You can also insure against loss of data collected by your drone. Hollard’s drone insurance cover is available throughout South Africa and is suitable for organizations in any sector of the economy. 

 

What is Drone Cover?

This unique, comprehensive policy has been designed specifically to cover drones in business and commercial use.  

The policy covers loss, damage and liability related to the drone itself, as well as premises, hangar keepers and product liability and against loss of data collected by the drone.

Hollard drone insurance provides comprehensive cover for loss or damage of your drone, including:

• Spares and equipment

• Hijacking and extortion

• Theft from a vehicle (unique to Hollard policyholders)

• Disappearance

• Emergency expenses

You are also covered if your drone is used by an unauthorized person without your permission and, in the process, causes injury or damage to third party property.

 

As a business or commercial drone operator, you also need cover to protect you from any liability that might arise because of using your drone. Our drone liability insurance covers you in the event of claims for:

 

• Accidental third-party injury or death

• Accidental damage to someone else’s property

• Damage to goods or products that form part of your

drone, or are used in conjunction with your drone

• Damage to someone else’s drone while in your custody

We also offer a number of optional cover extensions, including:

• Personal Accident

• Cyber cover

• Hull War Extension

 

Who we insure

Hollard will only insure registered drones that are operated by qualified drone pilots. In this way, we can minimize our clients’ risk and keep premiums to a minimum.

What does the policy cover?

 

As a business or commercial drone operator, one also needs cover to protect you from any liability that might arise because of using your drone.  Drone liability insurance covers you in the event of claims from:-

    Accidental third party injury or death

    Accidental damage to someone else’s property

    Damage to goods or products that form part of the drone, or are used in conjunction with the drone

    Damage to someone else’s drone while in your custody

 

What extension are available?

    Personal accident

    Cyber cover

    Hull war extension

 

Who can be insured?

Registered drones that are operated by qualified drone pilots.  

In this way, we can minimize the client’s risk and keep premiums to a minimum.  If the client does not have a license, we can get them in touch with the South African Civil Aviation Authority to obtain their license.

Claim Examples:

    A drone crashes

    A drone pilot negligently damages property or injures somebody

    A drone pilot is injured while operating an insured drone

 

Don’t meet the criteria?

Never fear. Working with one of SA’s leading pilot training schools, and through our relationship with the South African Civil Aviation Authority (CAA), we can help you to get licenced, registered, insured and up in the air!

 

Specialist cover

Cover for your drone while you fly it, or photography equipment that you use for financial gain falls into a different category. These high-value or high-risk items usually do not qualify for standard specified or unspecified all risk cover and need specialist cover.

 

What to do: Contact your broker to discuss your options. These will vary depending on whether you plan to use your drone solely for recreation, or for commercial purposes. (See below.)

 

Will you be using your drone purely for fun or for gain?

Recreational use: You will be able to insure your drone under household contents cover. This means that it will not be protected once it leaves your house and is “in use”. If you need cover away from home, you can specify it, but you still may not be covered while it is used. You can expand your cover options by getting your remote pilot licence and being registered.

Commercial use: If you’re registered as a commercial drone pilot with a remote pilot licence you should qualify for tailored commercial drone insurance. Check with your broker.


The bottom line?

Never assume that all risks cover is automatic. Make sure your exciting new possession is adequately protected and specified if necessary.


Information provided by Hollard

https://www.hollard.co.za/brokers/news/tips/insurancetips-tip-10-all-you-need-to-know-about-all-risks-cover